When it comes to the world of watches, there are many intricate components that come together to create a functional and stylish timepiece. One such component is the watch bracelet, which not only serves a practical purpose of holding the watch securely around the wrist but also adds to the overall aesthetic appeal. In this article, we will delve into the details of HS Code 91132090, which relates to parts of watch bracelets made of base metal, whether or not gold- or silver-plated, and valued over $12 per dozen.
HS Code 91132090 specifically covers the various components that make up a watch bracelet. These parts are made of base metal, which refers to any non-precious metal such as stainless steel, brass, or aluminum. The parts may also be gold- or silver-plated, adding a touch of luxury to the overall design. The value of these parts is determined based on their quantity, with a minimum value set at $12 per dozen.
When it comes to international trade, the bound or MFN (Most Favored Nation) duty rate for HS Code 91132090 is 8.8%. This 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. This ensures fair and equal treatment for all countries involved in trade.
While the quantity unit for HS Code 91132090 is stated as "no units collected," it is important to note that this does not imply that the parts are not measured or quantified. Instead, it indicates that the specific unit of measurement is not applicable or collected for this particular HS code. This could be due to the nature of the parts or the way they are traded.
Importers and exporters of watch bracelet parts under HS Code 91132090 can take advantage of special tariff preference programs. These programs offer reduced or duty-free rates for specific countries or regions. For this HS code, the following special tariff preference programs apply:
It is worth noting that these special tariff preference programs aim to promote trade and economic growth by providing incentives for importing goods from specific countries or regions. Importers and exporters should carefully review the requirements and eligibility criteria for each program to determine the benefits they can avail.
HS Code 91132090 plays a crucial role in facilitating the international trade of watch bracelet parts. Importers and exporters need to be aware of the specific requirements, duty rates, and special tariff preference programs associated with this HS code. By understanding and complying with these regulations, businesses can navigate the global market more effectively and take advantage of the opportunities it presents.