Wrist watches have become an integral part of our lives, not just as a timekeeping device but also as a fashionable accessory. One specific category of wrist watches is covered under the HS Code 91022125. In this article, we will explore the product description, duty rates, special tariff preference programs, and importing/exporting US states related to this HS Code.
The HS Code 91022125 covers wrist watches nesi, which are equipped with automatic winding mechanisms. These watches typically have 0-1 jewel and their watch bands are not made of textile material or base metal. Automatic winding watches are known for their self-winding feature, eliminating the need for manual winding. This makes them highly convenient for everyday wear.
When it comes to importing wrist watches under the HS Code 91022125, there are specific duty rates that apply. The bound or MFN (Most Favored Nation) duty rate is 75 cents each. In addition to this, there is a 6% duty on the case of the watch and a 2.8% duty on the strap, band, or bracelet. It's important to note that these duty rates may vary depending on the country of origin and the specific trade agreements in place.
Under various tariff preference programs, certain countries enjoy preferential treatment when it comes to importing wrist watches under the HS Code 91022125. Here are some of the notable programs:
These preference programs aim to promote trade and economic growth by reducing or eliminating import duties on specific products.
When it comes to importing wrist watches under the HS Code 91022125, certain US states play a significant role. The following states are known for their involvement in the importation of these watches:
It's important to note that these states may have specific regulations and requirements for importing wrist watches. Importers should familiarize themselves with the applicable laws and procedures to ensure a smooth importation process.
On the other hand, the exporting of wrist watches under this HS Code does not have any specific state restrictions mentioned in the provided data.
wrist watches categorized under HS Code 91022125 are a popular choice for those looking for automatic winding timepieces. Importers should consider the duty rates, special tariff preference programs, and specific regulations of the importing states when dealing with these watches. By understanding the intricacies of this HS Code, traders can navigate the international trade landscape more effectively and take advantage of the available opportunities.