Wrist watches have become an essential accessory for people all around the world. They not only help us keep track of time but also serve as fashionable items that reflect our personal style. One particular type of wrist watch that stands out is the electrically operated watch with both optoelectronic and mechanical displays. This unique combination of technologies offers a blend of precision and elegance.
The HS Code 91021920 specifically refers to wrist watches that fall under this category. These watches have a display that combines both optoelectronic and mechanical components, providing users with accurate timekeeping and a visually appealing design. Additionally, these watches typically have 0-1 jewel, which further enhances their precision and durability.
Furthermore, the band of these wrist watches can be made of textile material or base metal. This allows manufacturers to offer a variety of options to suit different preferences and budgets. Whether you prefer a comfortable textile band or a sleek metal bracelet, there is a wrist watch with HS Code 91021920 that fits your style.
When it comes to international trade, it is important to understand the duty rates associated with importing wrist watches with this HS code. The bound or most-favored-nation (MFN) duty rate for these watches is 32 cents each, with additional charges on the case, strap, band, or bracelet, as well as the battery. The case attracts a duty rate of 4.8%, the strap/band/bracelet incurs an 11% duty, and the battery is subject to a 4.2% duty. These rates may vary slightly depending on the country of import.
It is worth noting that various special tariff preference programs exist for wrist watches with HS Code 91021920. These programs provide certain countries with preferential treatment, allowing them to import these watches duty-free or at reduced rates. Some of the countries included in these programs are Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and several others.
In the United States, the states that import wrist watches with this HS code include Hawaii, New York, and the Virgin Islands. These states recognize the value and demand for these watches and actively participate in their importation. On the other hand, the exporting US state for these watches is primarily the Virgin Islands.
The HS Code 91021920 encompasses a wide range of wrist watches that offer a unique combination of optoelectronic and mechanical displays. Whether it's for personal use or international trade, understanding the details and implications of this HS code is crucial. From duty rates to special tariff preference programs, being well-informed can help importers, exporters, and consumers make informed decisions about these exceptional timepieces.