Watch straps, watch bands, and watch bracelets are essential components of watches, contributing to their functionality and aesthetic appeal. These accessories are made from textile materials and are designed to securely hold the timepiece on the wearer's wrist. The HS code 91139040 specifically classifies these products, along with their respective parts.
When it comes to international trade, the HS code plays a crucial role in identifying and categorizing goods. It serves as a universal code recognized by customs authorities worldwide, enabling efficient import and export processes. By using the HS code 91139040, it becomes easier to track, measure, and regulate the trade of watch straps, bands, and bracelets made of textile materials.
The bound or MFN (Most Favored Nation) duty rate associated with HS code 91139040 is 7.2%. 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 duty rate ensures fair and equal treatment for importers and exporters involved in the trade of watch straps and related components.
Quantity unit information is not available for HS code 91139040. However, it is important to note that the absence of collected units (X) does not indicate a lack of demand or trade volume for these products. Instead, it suggests that the quantity unit is not currently being measured or reported.
Several special tariff preference programs apply to imports of watch straps, bands, and bracelets classified under HS code 91139040. These programs offer various benefits and incentives to eligible countries. Some of the notable programs include:
These special tariff preference programs aim to promote trade, facilitate economic growth, and support developing countries in their export activities. By providing duty-free treatment or special rates, they create opportunities for importers and exporters of watch straps, bands, and bracelets to engage in international trade more competitively.
While the data does not provide specific information on importing and exporting US states, it is safe to assume that watch straps, bands, and bracelets classified under HS code 91139040 are traded by various states across the United States. The popularity and widespread use of watches make these accessories in high demand, resulting in trade flows between different US states and international markets.
HS code 91139040 categorizes watch straps, watch bands, and watch bracelets made of textile material, along with their parts. This code facilitates international trade by providing a standardized classification system. The associated duty rate, special tariff preference programs, and the absence of collected units further shape the trade dynamics of these products. Importers, exporters, and consumers can benefit from understanding the implications of HS code 91139040 when dealing with watch accessories.