Watch movements are essential components of timepieces that enable them to function accurately. They consist of various intricate mechanisms that work together to keep time and power the watch's hands and other features. In this article, we will explore the HS Code 91081980, which specifically refers to complete and assembled watch movements that are electrically operated and have both optoelectronic and mechanical displays, with over 1 jewel.
HS Code 91081980 is a classification code used in international trade to identify and categorize specific products. It is part of the Harmonized System (HS), a global system for classifying goods based on a standardized coding system. The HS Code 91081980 helps customs authorities and traders worldwide to accurately identify and classify watch movements in international trade transactions.
The product described by HS Code 91081980 encompasses complete and assembled watch movements. These movements are electrically operated and feature both optoelectronic and mechanical displays. Optoelectronic displays refer to the use of electronic components, such as light-emitting diodes (LEDs) or liquid crystal displays (LCDs), to display the time or other information on the watch's dial. On the other hand, mechanical displays rely on traditional watch hands and dials to indicate the time.
Furthermore, the watch movements falling under HS Code 91081980 must have over 1 jewel. In watchmaking, jewels are small, synthetic rubies or sapphires used as bearings to reduce friction and improve the accuracy and longevity of the movement. The presence of more than 1 jewel indicates a higher level of precision and quality in the watch movement.
When importing watch movements classified under HS Code 91081980, it is essential to consider the applicable duty rates and special tariff preference programs. The bound or Most-Favored-Nation (MFN) duty rate for these watch movements is 53 cents each, with an additional 3.9% duty imposed on the batteries used in the movements.
However, several special tariff preference programs exist that provide duty-free treatment or reduced duties for watch movements imported from specific countries. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and the countries mentioned above. Importers can take advantage of these programs to reduce or eliminate the duties imposed on watch movements imported from these eligible countries.
When dealing with watch movements classified under HS Code 91081980, it is crucial to be aware of the importing and exporting US states. While the specific states are not mentioned in the provided data, it is worth noting that the Virgin Islands, as a US territory, can be involved in the import or export of these watch movements.
Understanding the importing and exporting states is essential for logistical and customs purposes. It helps importers and exporters determine the applicable regulations, procedures, and documentation required for the smooth movement of goods across international borders.
HS Code 91081980 represents complete and assembled watch movements that are electrically operated and feature both optoelectronic and mechanical displays, with over 1 jewel. This code plays a crucial role in accurately classifying and identifying these watch movements in international trade transactions.
Importers and exporters dealing with watch movements falling under HS Code 91081980 should consider the applicable duty rates and special tariff preference programs. Understanding the duty rates and taking advantage of the available special tariff programs can help reduce costs and promote international trade.
Additionally, being aware of the importing and exporting US states is essential for ensuring smooth logistics and compliance with customs regulations. While the data provided does not mention specific states, it highlights the involvement of the Virgin Islands in the import or export of these watch movements.
By understanding the intricacies of HS Code 91081980 and its related information, importers, exporters, and watch enthusiasts can navigate the complexities of international trade and appreciate the craftsmanship behind these remarkable watch movements.