The HS Code 91132060 refers to parts of a watch bracelet made of base metal, whether or not gold- or silver-plated, and valued not over $12 per dozen. This code is used for the classification of these specific products during international trade.
When it comes to import and export regulations, understanding the HS Codes is crucial. HS Codes are a standardized system used worldwide to classify and define products. They help ensure consistency and accuracy in international trade by providing a unique identification number for each product.
The HS Code 91132060 falls under Chapter 91 of the Harmonized System, which covers clocks and watches and parts thereof. More specifically, it pertains to parts of watch bracelets made of base metal.
Now let's delve deeper into the details associated with HS Code 91132060:
The product description for HS Code 91132060 is "Parts of watch bracelet of base metal, whether or not gold- or silver-plated, valued not over $12 per dozen." This means that it includes various components of a watch bracelet, such as links, clasps, pins, and other fastening mechanisms, all made of base metal.
These parts can be gold- or silver-plated, but their total value should not exceed $12 per dozen. This value helps determine the import duties and tariffs applied to these parts during international trade.
The bound or Most Favored Nation (MFN) duty rate for HS Code 91132060 is 8.8%. The MFN principle states 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. This ensures fair and equal treatment for all countries involved in international trade.
Therefore, whenever a country imports parts of watch bracelets under HS Code 91132060, an 8.8% duty rate will be applied to the declared value of the goods.
The quantity unit for HS Code 91132060 is "no units collected (X)." This means that there is no specific unit of measurement associated with this code. The quantity of these watch bracelet parts is not measured or collected in a specific unit but rather based on the value or number of pieces.
There are several special tariff preference programs available for products classified under HS Code 91132060. These programs offer reduced or duty-free treatment for certain countries. The following countries are eligible for special tariff rates:
These countries enjoy special rates or duty-free treatment for parts of watch bracelets imported under HS Code 91132060. It is important to note that certain countries may be excluded from the Generalized System of Preferences (GSP) eligibility for this specific HTS subheading.
HS Code 91132060 applies to imports and exports from and to various US states. The specific states involved in the import and export of parts of watch bracelets under this HS Code may vary depending on the trade activities and preferences of businesses and individuals.
It is essential for importers and exporters to ensure compliance with customs regulations and tariffs when trading these products across different US states.
HS Code 91132060 is used to classify and identify parts of watch bracelets made of base metal. Understanding the product description, import duty rates, special tariff preference programs, and the associated import and export states is crucial for businesses engaged in international trade of these products.