When it comes to watches, the straps, bands, and bracelets are just as important as the timepiece itself. HS Code 91132040 specifically refers to watch straps, watch bands, and watch bracelets made of base metal. These can be gold- or silver-plated and are valued at over $5 per dozen.
Importers and exporters dealing with these watch accessories need to be aware of the relevant information related to HS Code 91132040. Let's dive into the details.
HS Code 91132040 encompasses various types of watch straps, bands, and bracelets made of base metal. These accessories are used to enhance the look and functionality of watches. Whether they are made of stainless steel, brass, or other base metals, these watch accessories add a touch of style and durability to timepieces.
It is important to note that HS Code 91132040 specifically covers watch straps, bands, and bracelets that are gold- or silver-plated. This means that they have a thin layer of gold or silver applied to the base metal, giving them an attractive and luxurious appearance.
The value threshold for these watch accessories is set at over $5 per dozen. This means that any shipment of watch straps, bands, or bracelets that exceeds this value needs to be categorized under HS Code 91132040.
The bound / MFN duty rate for HS Code 91132040 is 11.2%. The bound rate is the maximum rate of duty that a country can charge on imported goods. The MFN (Most Favored Nation) duty rate is the rate that applies to all trading partners equally, without any preferential treatment.
It is important to understand 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 ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 91132040 is dozens (DOZ). This means that the measurement and pricing of these watch accessories are done in dozens. Importers and exporters need to keep this unit in mind while dealing with shipments of watch straps, bands, or bracelets.
Several countries offer special tariff preference programs for watch straps, bands, and bracelets falling under HS Code 91132040. These programs provide certain benefits or reduced duty rates for specific trading partners. Here are some examples:
These special tariff preference programs allow certain countries or regions to enjoy duty-free treatment or reduced duty rates when importing or exporting watch straps, bands, or bracelets under HS Code 91132040. Importers and exporters should take advantage of these programs to reduce costs and enhance trade relationships.
HS Code 91132040 applies to watch straps, bands, and bracelets imported into and exported from the United States. The specific states involved in importing and exporting these watch accessories may vary depending on the trade relationships and market demand.
It is crucial for importers and exporters to comply with the customs regulations and requirements of the United States while dealing with HS Code 91132040. This includes proper documentation, classification, and payment of duties.
HS Code 91132040 covers watch straps, bands, and bracelets made of base metal, whether gold- or silver-plated, and valued over $5 per dozen. Importers and exporters need to be aware of the product description, bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code.
By understanding the details and utilizing the available tariff preference programs, businesses can effectively navigate the international trade landscape and optimize their operations involving watch accessories. Compliance with customs regulations and proper classification of goods is essential for a smooth trading experience.