Wrist watches have become an essential accessory for people all around the world. They not only help us keep track of time but also add style to our everyday outfits. In this article, we will explore the details of wrist watches categorized under HS Code 91022170. This code specifically refers to wrist watches that are automatic winding and have over 17 jewels, with a watch band made of textile material or base metal.
To understand the import and export regulations, it is crucial to be aware of the HS Code 91022170. The HS Code system is an internationally recognized classification system for products. It allows countries to standardize their customs and tariff procedures. HS Code 91022170 helps customs authorities identify and categorize wrist watches with specific characteristics, ensuring efficient trade operations.
When importing wrist watches falling under HS Code 91022170, a specific duty rate is applied. The duty rate for each watch is $1.53, along with an additional 4.2% on the case and 9.8% on the strap, band, or bracelet. These rates are subject to change based on trade agreements and government policies. It is essential for importers and exporters to stay updated on the current duty rates to ensure compliance and smooth trade operations.
The quantity unit for wrist watches under HS Code 91022170 is "number" (NO). This unit signifies that each watch is counted individually, and the quantity is measured by the number of watches being imported or exported.
Wrist watches falling under HS Code 91022170 may qualify for special tariff preference programs in certain countries. These programs offer reduced or duty-free rates, promoting trade and economic cooperation between nations. The following countries have special tariff preference programs for these wrist watches:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trade and competitiveness in the market.
When importing wrist watches under HS Code 91022170 into the United States, certain states have been identified as the primary destinations. These states include Hawaii, New York, and the Virgin Islands. Importers should be mindful of the specific regulations and requirements of these states to ensure a smooth customs clearance process.
For exporters of wrist watches under HS Code 91022170 from the United States, the Virgin Islands have been identified as a prominent destination. Understanding the preferences and demands of the Virgin Islands market can help exporters tailor their strategies and tap into this potential market effectively.
wrist watches categorized under HS Code 91022170 are automatic winding watches with over 17 jewels, featuring watch bands made of textile material or base metal. Importers and exporters dealing with these watches must be familiar with the specific regulations, duty rates, and special tariff preference programs applicable to ensure a successful trade operation. Staying informed and up-to-date on the latest trade policies and market trends is crucial for businesses operating in this industry.