Watches have been a popular accessory for centuries, serving not only as a timekeeping device but also as a fashion statement. The HS Code 91019960 specifically refers to watches (excluding wrist watches) with cases made of or clad with precious metal, which are not electrically operated and have 8-17 jewels in their movement. Additionally, these watches have a movement cost exceeding $15 each.
When it comes to international trade, it is essential to understand the regulations and tariffs associated with specific products. The HS Code 91019960 helps customs authorities and traders classify and track watches falling under this category. Let's explore the details of this HS code further, including tariff rates, special tariff preference programs, and the importing and exporting US states.
The bound / MFN (Most Favored Nation) duty rate for watches under the HS Code 91019960 is free. The MFN principle ensures that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle promotes fair and non-discriminatory trade practices.
The quantity unit for watches under the HS Code 91019960 is number (NO). This unit specifies that the quantity of watches is measured individually by the number of units rather than by weight or volume.
Watches falling under the HS Code 91019960 may qualify for special tariff preference programs in certain countries. These programs offer reduced or duty-free rates to promote trade and economic cooperation. The following countries have special tariff preferences for these watches:
These special tariff preference programs aim to promote trade relations and provide economic benefits to both importing and exporting countries.
When it comes to importing watches under the HS Code 91019960 into the United States, certain states play a significant role. The following states are involved in importing these watches:
These states serve as important entry points for watches falling under this HS code, facilitating trade and distribution within the United States market.
While the data provided does not specify exporting US states for watches under the HS Code 91019960, it can be assumed that various states within the United States engage in exporting these watches to other countries. The United States is known for its manufacturing and export capabilities, and watches made with precious metals can be a valuable commodity in international markets.
Understanding the HS Code 91019960 helps both traders and customs authorities navigate the regulations and tariffs associated with watches with precious metal cases. By utilizing special tariff preference programs and leveraging the importing and exporting states, businesses can effectively import and export these watches, contributing to global trade and economic growth.