The HS Code 91022190 refers to a specific category of wrist watches. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 91022190 states that it pertains to wrist watches that are automatic winding and have over 17 jewels. Additionally, the watch band should not be made of textile material or base metal. This code is used to classify wrist watches with these specific characteristics.
When importing wrist watches under HS Code 91022190, the bound or Most Favored Nation (MFN) duty rate is $1.53 each. In addition to this, there is a duty rate of 4.2% on the case of the watch and 2% on the strap, band, or bracelet. It is important to note that duty rates may vary based on the country and its trade agreements.
Trade barriers and market access are vital considerations in international trade. Whenever a country lowers a trade barrier or opens up a market, it is obligated to offer the same treatment to all its trading partners. This principle ensures fair and equal opportunities for all countries involved in global trade.
The quantity unit for HS Code 91022190 is measured in numbers (NO). This means that the quantity of wrist watches being imported or exported is counted individually, rather than by weight or volume.
HS Code 91022190 is eligible for various special tariff preference programs. These programs provide specific benefits and trade incentives to certain countries. Here are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade and economic growth between the countries involved. They encourage the importation of wrist watches under HS Code 91022190 by providing duty-free treatment or reduced tariffs.
The importing US states for wrist watches classified under HS Code 91022190 include Hawaii, New York, and the Virgin Islands. These states are the primary destinations for importing these watches into the United States.
On the other hand, the exporting US state listed for HS Code 91022190 is the Virgin Islands. This indicates that the Virgin Islands is involved in the export of wrist watches under this HS code to other countries.
HS Code 91022190 is a specific classification for wrist watches with automatic winding, over 17 jewels, and non-textile or base metal watch bands. Importing these watches may be subject to duty rates on a per-item basis and additional percentages on the case and strap. Various special tariff preference programs provide duty-free treatment or reduced tariffs for imports under this HS code. Understanding the details of this HS code is crucial for businesses involved in the import and export of wrist watches.