HS Code 91019920 refers to a specific category of watches that are not wrist watches, but rather watches with cases made of or clad with precious metal. These watches are not electrically operated and have a movement with 0-7 jewels. In this article, we will explore more about this HS code, its description, and other relevant information.
The product described under HS Code 91019920 includes watches that are not worn on the wrist. These watches have cases made of or clad with precious metals, such as gold or silver. They are not electrically operated and have a movement with 0-7 jewels. The presence of jewels in the movement indicates the level of precision and quality of the watch's mechanical components. It is important to note that this HS code specifically excludes wrist watches, which fall under a different category. Therefore, any watches that are designed to be worn on the wrist would not be classified under HS Code 91019920.
The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 91019920 is free. This means that these watches can be imported or exported between countries without any additional duty charges. It is worth mentioning that free duty rates are applicable when a country lowers a trade barrier or opens up a market, and they have to do so for the same goods or services from all their trading partners.
The quantity unit for products classified under HS Code 91019920 is "number" (NO). This implies that the quantity of watches imported or exported is measured in individual units rather than weight, volume, or any other measurement unit.
Products falling under HS Code 91019920 may be eligible for special tariff preference programs in certain countries. These programs provide specific benefits or exemptions from duty charges. The following countries have special tariff rates for these watches:
When importing products under HS Code 91019920 into the United States, the following states are known to import these watches:
Similarly, when exporting products under HS Code 91019920 from the United States, the primary exporting state for these watches is the Virgin Islands.
HS Code 91019920 represents watches (excl. wrist watches) with cases of or clad with precious metal, not electrically operated, with 0-7 jewels in the movement. These watches have their own specific classification and are subject to special tariff rates and preferences in certain countries. By understanding this HS code, importers, exporters, and traders can ensure compliance with applicable regulations and take advantage of any available benefits or exemptions.