The HS Code 91081200 refers to watch movements that are complete and assembled, electrically operated, and equipped with an opto-electronic display. This code is used to classify and categorize these specific types of watch movements for trade and customs purposes.
When importing or exporting products with this HS code, it is important to be aware of the associated duties and tariff rates. The bound or most-favored-nation (MFN) duty rate for this HS code is 3.1% on the movement itself and an additional 4.2% on the battery.
It is worth noting that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment in international trade.
The quantity unit for products classified under this HS code is measured in numbers (NO), indicating the count or quantity of watch movements.
There are also several special tariff preference programs available for products falling under HS Code 91081200. These programs provide preferential treatment and can exempt the products from certain duties or provide reduced rates. The following countries and agreements offer special tariff preferences for watch movements:
These special tariff preference programs aim to promote trade and enhance economic cooperation between the countries involved. Importers and exporters should take advantage of these programs to reduce costs and increase competitiveness in the market.
When it comes to importing products with HS Code 91081200 into the United States, there are no specific restrictions mentioned in the provided data. However, it is important to consult the relevant customs regulations and requirements to ensure compliance with all necessary procedures.
HS Code 91081200 pertains to watch movements that are complete and assembled, electrically operated, and have an opto-electronic display. Importers and exporters should be aware of the associated duties and tariff rates, as well as the special tariff preference programs available in various countries. Understanding and complying with these regulations will facilitate smooth international trade and contribute to the growth of the watch industry.