When it comes to watches, there is more to consider than just the timepiece itself. One essential component that often goes unnoticed is the watch strap, band, or bracelet. These accessories not only serve a functional purpose but also contribute to the overall aesthetic of the watch. In this article, we will delve into the details of HS Code 91139080, which covers watch straps, bands, and bracelets made of materials other than precious metal, base metal, or textile material, along with their respective parts.
The Harmonized System (HS) is an international nomenclature for the classification of products. HS Code 91139080 specifically refers to watch straps, bands, and bracelets that are not made of precious metal, base metal, or textile material. It also encompasses the various parts required for these watch accessories.
By using HS codes, customs authorities and traders can easily identify and classify products for import and export purposes. The code helps ensure uniformity in trade regulations and facilitates smooth international commerce.
HS Code 91139080 is subject to a bound/MFN (Most Favored Nation) duty rate of 1.8%. The MFN principle states 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 rate applies each time the duty is levied on the watch straps, bands, or bracelets imported or exported.
No units are collected for HS Code 91139080. The absence of a specific quantity unit indicates that the assessment of duties or tariffs is not based on the quantity of the product but rather on its value or other factors.
Watch straps, bands, and bracelets falling under HS Code 91139080 may be eligible for special tariff preference programs. These programs provide specific countries with preferential treatment or exemptions from certain duties or tariffs. The following countries have been identified as beneficiaries of such programs for this HS code:
These tariff preference programs aim to foster economic cooperation and promote trade between the countries involved. By availing these special rates, importers and exporters can enjoy reduced or duty-free treatment for their watch straps, bands, or bracelets.
HS Code 91139080 applies to watch straps, bands, and bracelets imported into or exported from the United States. It is relevant for trade activities involving various states within the country. The specific importing and exporting US states for this HS code may vary depending on market demand and supplier networks.
HS Code 91139080 plays a crucial role in the classification and regulation of watch straps, bands, and bracelets made of non-precious metal, base metal, or textile material. Understanding the implications of this HS code, including the bound/MFN duty rate and special tariff preference programs, is essential for businesses engaged in the import and export of these watch accessories.