HS Code 91021195: Wrist watches nesoi, electrically operated, mechanical display only, over 1 jewel, case nesoi, with band of material nesoi
Wrist watches have become an essential accessory in our daily lives. They not only help us keep track of time but also serve as a fashion statement. The HS Code 91021195 refers to a specific type of wrist watch that is electrically operated, has a mechanical display only, and contains over 1 jewel. Additionally, the watch has a case that is not specified and a band made of material not specified.
When importing this particular wrist watch, it is essential to be aware of the duty rates associated with it. The bound / MFN duty rate for each watch is 76 cents, with an additional 8.5% duty on the case, 2.8% duty on the strap, band, or bracelet, and 5.3% duty on the battery. These duty rates are applicable every time a country lowers a trade barrier or opens up a market. It ensures that all trading partners receive the same treatment for the same goods or services.
The quantity unit for this HS Code is a number (NO), which indicates that the quantity of wrist watches being imported or exported is measured in the number of individual units.
Fortunately, there are several special tariff preference programs available for this HS Code. The following countries offer duty-free treatment for the import of these wrist watches: Australia (AU), Bahrain (BH), Canada (CA) under the NAFTA agreement, Chile (CL), Denmark (D), Israel (IL), Japan (J), Japan Plus (J+), Jordan (JO), Morocco (MA), Mexico (MX) under the NAFTA agreement, Oman (OM), Peru (P), Panama (PE), Russia (R), Singapore (SG). These programs aim to promote trade and provide incentives for importing countries.
When it comes to importing these wrist watches into the United States, there are specific states where they are commonly received. These states include Hawaii, New York, and the Virgin Islands. It is crucial for importers to be aware of the regulations and requirements specific to these states when bringing in wrist watches under the HS Code 91021195.
On the exporting side, the Virgin Islands is the primary state associated with the export of these wrist watches. This suggests that the Virgin Islands has a strong market for these particular wrist watches and may serve as a significant trading partner.
the HS Code 91021195 represents a specific type of wrist watch that is electrically operated, has a mechanical display only, contains over 1 jewel, and comes with a case and band made of unspecified materials. Importers and exporters of these wrist watches should be aware of the associated duty rates, special tariff preference programs, and the specific states involved in trade.
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