When it comes to wrist watches, the HS Code 91021280 is an important classification that refers to electrically operated watches with opto-electronic displays. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs. We will also discuss the importing and exporting states for this particular product.
The HS Code 91021280 is used to classify wrist watches that are not elsewhere specified or included (nesoi). These watches are electrically operated and feature opto-electronic displays. This means that these watches use electronic components to provide timekeeping functions and have a display that utilizes optical-electronic technology.
Wrist watches falling under this HS code may include various types and designs, such as digital watches, smartwatches, and other similar timepieces. They are commonly worn on the wrist and serve both functional and fashion purposes.
The bound or MFN (Most Favored Nation) duty rate for the HS Code 91021280 is free. This means that countries are not required to impose any import duties or taxes on these wrist watches. It is a duty-free product, encouraging trade and making it more accessible and affordable for consumers.
According to the principle of MFN, 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 ensures that all countries are treated equally and have equal access to trade opportunities.
The quantity unit for the HS Code 91021280 is the number (NO). This means that the quantity of wrist watches being imported or exported is measured in the count of individual units, rather than weight or volume.
Several countries and regions have special tariff preference programs that offer duty-free treatment for wrist watches classified under HS Code 91021280. Some of these include:
These special tariff preference programs aim to promote trade and economic cooperation by providing favorable conditions for the importation and exportation of wrist watches, among other goods.
For importation into the United States, the following states are listed as importing states for wrist watches classified under HS Code 91021280:
On the other hand, no specific exporting states are provided for this HS code. This means that wrist watches falling under this classification can be exported from any state within the United States.
Overall, the HS Code 91021280 plays a crucial role in classifying and regulating the importation and exportation of wrist watches with opto-electronic displays. Its duty-free status and inclusion in special tariff preference programs make these watches more accessible and affordable for international trade. Whether it's a digital watch or a smartwatch, this HS code ensures that these timepieces can be traded fairly and efficiently between countries.