Watches have become more than just timekeeping devices, they are now considered fashion accessories and status symbols. There are various types of watches available in the market, each catering to different preferences and needs. One such type is the watch with cases of or clad with precious metal, not electrically operated, with over 17 jewels in the movement. This specific type of watch falls under the HS Code 91019980.
The HS Code 91019980 is a classification code used to identify and categorize goods for import and export purposes. It provides a standardized system for classifying products, ensuring consistency and clarity in international trade. The code is used by customs authorities to determine the duty rates and regulations applicable to specific products.
According to the product description, watches included in HS Code 91019980 are those that do not fall under the category of wrist watches. These watches have cases made of or clad with precious metal, and they are not electrically operated. Additionally, they must have over 17 jewels in the movement. The presence of jewels in the movement is a sign of higher quality and craftsmanship.
When it comes to the duty rates for watches falling under HS Code 91019980, there are several factors to consider. In general, the bound or most-favored-nation (MFN) duty rate is free. This means that countries must lower trade barriers or open up their markets for the same goods or services from all their trading partners. However, there may be special tariff preference programs in place that offer reduced or duty-free rates for specific countries.
For HS Code 91019980, special tariff preference programs are available for countries such as Australia, Bahrain, Canada, Denmark, Israel, Japan, Jordan, Morocco, Mexico, Oman, Peru, Singapore, and others. These programs provide either duty-free treatment or reduced duty rates. For example, the Australia Special Rate allows for duty-free treatment, while the Bahrain Special Rate offers a rate of 5.5? each + 0.7% on the case + 1.7% on the strap, band, or bracelet + 0.6% on the battery.
Importing HS Code 91019980 watches into the United States is possible, and there are specific states where these watches are commonly imported. These states include Hawaii, New York, and the Virgin Islands. These regions may have a higher demand for watches with cases of or clad with precious metal, and the regulatory environment may be favorable for importers.
On the other hand, the exporting of HS Code 91019980 watches from the United States is not specified in the provided data. However, it is important to note that the United States is a significant player in the global watch market and exports a wide range of watches to various countries worldwide.
HS Code 91019980 identifies watches (excluding wrist watches) with cases of or clad with precious metal, not electrically operated, with over 17 jewels in the movement. These watches are subject to specific duty rates and regulations, including special tariff preference programs for certain countries. Importing these watches into the United States is possible, with states like Hawaii, New York, and the Virgin Islands being notable destinations. The HS Code system plays a crucial role in facilitating international trade and ensuring consistency in classification and regulation of products.