Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 91029960 - Watches (excl. wrist watches) nesoi, not electrically operated, with 8-17 jewels in movement, movement valued over $15 each

In this educational article, we will be discussing the HS Code 91029960 in detail. This HS code refers to watches (excluding wrist watches) that are not electrically operated and have 8-17 jewels in movement. Additionally, the movement of these watches is valued over $15 each.

When importing goods with this HS code, it is important to understand the various aspects related to it. This includes the bound / MFN duty rate, quantity unit, and special tariff preference programs. Let's explore each of these aspects further:

Bound / MFN Duty Rate

The bound / MFN duty rate for watches under HS Code 91029960 is $1.16 each, plus an additional 6% on the case. It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that the same goods or services from all trading partners receive equal treatment.

Quantity Unit

The quantity unit for watches under HS Code 91029960 is number (NO). This indicates that the watches are counted individually, and the quantity is measured in terms of the number of watches being imported or exported.

Special Tariff Preference Programs

There are several special tariff preference programs available for watches under HS Code 91029960. These programs provide specific benefits and preferential treatment for importing and exporting countries. Some of the programs applicable to this HS code include:

• Generalized System of Preferences (GSP): This program offers duty-free treatment for eligible countries.
• Australia Special Rate: Australia has a special rate for watches under this HS code.
• Bahrain Special Rate: Bahrain offers a special rate for watches under this HS code.
• NAFTA for Canada: Canada enjoys duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Chile has a special rate for watches under this HS code.
• Caribbean Basin Initiative (CBI): This program provides preferential treatment for eligible countries in the Caribbean region.
• Israel Special Rate: Israel offers duty-free treatment for watches under this HS code.
• Andean Trade Preference Act (ATPA): This program grants preferential treatment to eligible countries in the Andean region.
• Andean Trade Promotion and Drug Eradication Act (ATPDEA): This program extends preferential treatment to eligible countries in the Andean region.
• Jordan Special Rate: Jordan offers a special rate for watches under this HS code.
• Morocco Special Rate: Morocco has a special rate for watches under this HS code.
• NAFTA for Mexico: Mexico enjoys duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Oman Special Rate: Oman offers a special rate for watches under this HS code.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program provides preferential treatment for eligible countries in the Dominican Republic and Central America.
• Peru Special Rate: Peru has a special rate for watches under this HS code.
• Caribbean Basin Trade Partnership Act (CBTPA): This program offers preferential treatment for eligible countries in the Caribbean region.
• Singapore Special Rate: Singapore offers a special rate for watches under this HS code.

These special tariff preference programs aim to promote trade and provide incentives for importing and exporting countries. Importers and exporters should familiarize themselves with the specific requirements and benefits of each program to maximize their trade opportunities.

HS Code 91029960 refers to watches (excluding wrist watches) that are not electrically operated and have 8-17 jewels in movement, with a movement value over $15 each. Understanding the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code is crucial for successful import and export operations. By leveraging the benefits offered by special tariff preference programs, businesses can enhance their competitiveness in the global market.