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Old 2 November 2020, 10:41 PM   #19
thegrandseikoguy
"TRF" Member
 
Join Date: Jan 2019
Location: Thailand
Posts: 34
If you are importing watches from anywhere into the US, then it is very important that you get the seller to split the watch value out between the movement, case, and strap/bracelet. These will all have different tariff codes.

Ideally, you want to put as much of the value against the movement, since the movement is taxed at a flat rate per piece (just a few bucks), whereas the case is taxed as a percentage of the value.

If someone ships you a watch and simply declares the value of the entire watch to be $5K, then you will will end up paying the case percentage tax against the entire declared value.

If someone ships you a watch and declares the value of the movement to be $4.5k, and the case $500 (and that is a perfectly valid split), then you will pay an order of magnitude less tax.

(as mentioned above, if the value of the watch is under $800, then you won't have to pay a dime in tax, although the courier may charge you a processing fee)

Kind regards,


Gerald.
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