Watch straps, watch bands, and watch bracelets are essential components of any timepiece. They not only provide functionality but also contribute to the overall aesthetic appeal of a watch. In this article, we will explore HS Code 91132020, which covers watch straps, watch bands, and watch bracelets made of base metal, whether or not gold- or silver-plated, valued not over $5 per dozen.
HS Code 91132020 specifically refers to the classification of these watch accessories for trade and regulatory purposes. The Harmonized System (HS) is an international standard for classifying goods, and HS codes are used by customs authorities worldwide to identify products and determine the applicable customs duties and regulations.
When importing or exporting watch straps, watch bands, or watch bracelets falling under HS Code 91132020, it is crucial to be aware of the specific requirements and regulations. Let's delve into some key details related to this HS code.
Watch straps, watch bands, and watch bracelets covered by HS Code 91132020 are made of base metal, such as stainless steel or other non-precious metals. They may also be gold- or silver-plated, enhancing their visual appeal.
The value of these watch accessories should not exceed $5 per dozen units. This value is an essential factor in determining the applicable customs duties and trade regulations.
The bound duty rate for watch straps, watch bands, and watch bracelets under HS Code 91132020 is 11.2%. This rate applies every time a country lowers a trade barrier or opens up a market. It ensures that all trading partners receive the same treatment for the same goods or services.
This bound duty rate helps maintain fairness and equality in international trade by preventing discriminatory practices among countries.
The quantity unit for watch straps, watch bands, and watch bracelets classified under HS Code 91132020 is dozens (DOZ). This unit provides a standardized measure for trade transactions and helps in determining the appropriate quantity of the product being imported or exported.
Several special tariff preference programs are available for watch straps, watch bands, and watch bracelets falling under HS Code 91132020. These programs offer various benefits, including reduced or duty-free treatment. The specific programs applicable to different countries are as follows:
These special tariff preference programs aim to promote trade and economic cooperation between countries by facilitating the import and export of goods under preferential conditions.
HS Code 91132020 applies to watch straps, watch bands, and watch bracelets imported into and exported from the United States. The specific importing and exporting states within the US may vary depending on the trade activities and preferences of businesses and individuals involved.
It is important for importers and exporters to comply with the customs regulations and documentation requirements of the respective US states involved in the trade of watch accessories.
HS Code 91132020 plays a vital role in the international trade of watch straps, watch bands, and watch bracelets. Understanding the product description, bound duty rate, quantity unit, and special tariff preference programs associated with this HS code is essential for businesses and individuals engaged in the import and export of these watch accessories.