HS Code 91021980: All You Need to Know About Wrist Watches
Wrist watches have become an essential accessory in our daily lives. They not only help us keep track of time but also serve as a fashion statement. One specific category of wrist watches is covered under the HS Code 91021980. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity units, special tariff preference programs, and importing/exporting US states.
Product Description
The HS Code 91021980 covers wrist watches that are not elsewhere specified or included (nesoi). These watches are electrically operated and feature both optoelectronic and mechanical displays. They must have over 1 jewel, and their bands are made of material not elsewhere specified. This HS code provides a specific classification for wrist watches that meet these criteria.
Duty Rates
When importing wrist watches classified under HS Code 91021980, various duty rates apply. The bound/MFN (Most Favored Nation) duty rate is 57 cents each. In addition to this, there are additional duty rates for specific components of the watch. The case attracts a duty rate of 4.5%, the strap, band, or bracelet has a duty rate of 2.1%, and the battery is subject to a duty rate of 4%. These rates are applicable each time a country lowers a trade barrier or opens up a market.
Quantity Unit
The quantity unit for wrist watches under HS Code 91021980 is "number" (NO). This unit indicates that the watches are counted individually, and the quantity is expressed in whole numbers.
Special Tariff Preference Programs
Wrist watches classified under HS Code 91021980 can benefit from various special tariff preference programs. Some of these programs include:
- Australia Special Rate: This program provides duty-free treatment for imports into Australia.
- Bahrain Special Rate: Imports into Bahrain can enjoy duty-free treatment under this program.
- NAFTA for Canada: Wrist watches can be imported from Canada with duty-free treatment under the North American Free Trade Agreement.
- Chile Special Rate: This program offers a special rate for imports into Chile.
- Africa Growth and Opportunity Act (AGOA): Imports into eligible African countries, as specified under AGOA, can receive duty-free treatment.
- Caribbean Basin Initiative (CBI): This program grants duty-free treatment for imports from eligible Caribbean countries.
- Israel Special Rate: Imports into Israel can enjoy duty-free treatment under this program.
- Andean Trade Preference Act (ATPA) and Andean Trade Promotion and Drug Eradication Act (ATPDEA): These programs offer special rates for imports from Andean countries.
- Jordan Special Rate: Imports into Jordan can benefit from duty-free treatment under this program.
- Morocco Special Rate: This program provides a special rate for imports into Morocco.
- NAFTA for Mexico: Similar to NAFTA for Canada, this program allows duty-free treatment for wrist watch imports from Mexico.
- Oman Special Rate: Imports into Oman can enjoy duty-free treatment under this program.
- Dominican Republic-Central American Special Rate (DR-CAFTA): This program offers duty-free treatment for imports from eligible countries in the Dominican Republic and Central America.
- Peru Special Rate: Imports into Peru can benefit from a special rate under this program.
- Caribbean Basin Trade Partnership Act (CBTPA): This program grants duty-free treatment for imports from eligible countries in the Caribbean Basin.
- Singapore Special Rate: Imports into Singapore can enjoy duty-free treatment under this program.
Importing/Exporting US States
When importing wrist watches classified under HS Code 91021980 into the United States, specific states are listed as the primary destinations. These states include Hawaii, New York, and the Virgin Islands. It is important to note that this list is not exhaustive and may be subject to change depending on trade agreements and market demands.
wrist watches classified under HS Code 91021980 are electrically operated watches with both optoelectronic and mechanical displays. They have specific duty rates for various components and can benefit from several special tariff preference programs. Importing into the United States is commonly done through states such as Hawaii, New York, and the Virgin Islands. As the world of wrist watches continues to evolve, understanding HS codes and their implications becomes crucial for importers, exporters, and consumers alike.
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