When it comes to international trade, HS codes play a crucial role in identifying and categorizing products. HS Code 91119040 refers to parts of watch cases made of precious metal or metal clad with precious metal. This code helps customs authorities and traders in classifying and tracking these specific items.
These watch case parts can be made of various precious metals such as gold, silver, platinum, or even metal alloys that are coated or clad with a layer of precious metal. The use of precious metals in watch cases not only adds aesthetic value but also enhances durability and corrosion resistance.
When importing or exporting products classified under HS Code 91119040, it is important to be aware of the regulations and duty rates that apply. The MFN (Most Favored Nation) duty rate for this code is 6.4%, which means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
However, there are also special tariff preference programs available for certain countries. These programs offer preferential treatment in terms of duty rates or even duty-free treatment. For example, imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under this subheading are eligible for duty-free treatment.
Specific countries that have special tariff preference programs for HS Code 91119040 include:
These special rates and programs aim to promote trade and economic cooperation between countries while providing incentives for certain imports.
The quantity unit for HS Code 91119040 is a number (NO). This unit is used to indicate the number of parts of watch cases being imported or exported. The number may vary depending on the specific order or shipment.
Watch case parts play a crucial role in the assembly and functionality of watches. They include components such as the case back, bezel, crown, and other structural elements. These parts are essential for protecting the watch movement and ensuring its proper functioning.
Manufacturers and watchmakers rely on the availability of high-quality watch case parts to create timepieces that meet the demands of customers. The use of precious metals in these parts adds a touch of luxury and elegance to the overall design of the watch.
HS Code 91119040 encompasses parts of watch cases made of precious metal or metal clad with precious metal. Understanding the regulations, duty rates, and special tariff preference programs associated with this code is essential for importers and exporters in the watch industry.
By utilizing the special tariff preference programs available, traders can benefit from reduced duty rates or even duty-free treatment. These programs encourage international trade and economic cooperation, while also promoting the use of precious metals in watch manufacturing.
Whether it's a gold-plated watch case or a silver-clad component, the use of precious metals in watch case parts adds both value and durability. HS Code 91119040 ensures that these essential components are properly classified and regulated in international trade.