HS Code 91131000: Watch Straps, Watch Bands, and Watch Bracelets
Watch straps, watch bands, and watch bracelets are essential accessories that complement and enhance the appearance of wristwatches. These accessories can be made of precious metals or metal clad with precious metal, adding a touch of luxury and elegance to any timepiece. HS Code 91131000 specifically covers these products and their respective parts.
When it comes to international trade, customs authorities around the world use Harmonized System (HS) codes to classify and categorize goods. HS codes are standardized numerical codes that facilitate the identification of products for customs, statistical, and economic purposes. The HS code 91131000 plays a crucial role in regulating the import and export of watch straps, watch bands, and watch bracelets.
Under the HS code 91131000, the bound or Most Favored Nation (MFN) duty rate applicable is 4.5%. This means that every time 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. The 4.5% duty rate is the baseline rate, although some countries may have specific tariff preferences or special rates for certain trading partners.
The quantity unit for HS code 91131000 is "no units collected (X)." This implies that the quantity of watch straps, watch bands, and watch bracelets imported or exported is not measured in units but rather in value or monetary terms.
There are various special tariff preference programs associated with HS code 91131000. These programs offer reduced or eliminated import duties for eligible countries. The following countries and trade agreements provide special tariff preferences for watch straps, watch bands, and watch bracelets:
- Free: Certain countries excluded from Generalized System of Preferences (GSP) eligibility for that HTS subheading (duty-free treatment).
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Andean Trade Promotion and Drug Eradication Act (ATPDEA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Caribbean Basin Trade Partnership Act (CBTPA)
- Singapore Special Rate
These special tariff preference programs aim to promote trade, economic development, and cooperation among countries by reducing trade barriers and facilitating the flow of goods. To benefit from these special rates, importers and exporters must comply with the specific requirements and rules of origin outlined in each program.
When importing watch straps, watch bands, and watch bracelets into the United States, it is essential to consider the regulations and requirements of individual states. Similarly, when exporting these products from the United States, knowledge of the regulations in the destination states is crucial. Each state may have specific laws and regulations pertaining to the import and export of certain goods, including watch accessories.
HS code 91131000 classifies watch straps, watch bands, and watch bracelets made of precious metal or metal clad with precious metal, along with their parts. This code plays a vital role in international trade, facilitating the regulation and control of these products. Importers and exporters should be aware of the associated duty rates, special tariff preference programs, and state-specific regulations to effectively navigate the global market for watch accessories.
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