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25 June 2022, 09:39 AM | #1 |
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How much are import fees when buying a watch from Japan?
On like a $5k watch….I’ve heard around 3 percent, is this accurate?
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25 June 2022, 10:18 AM | #2 |
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That will depend on the materials
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25 June 2022, 10:42 AM | #3 |
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Real Name: Gerry
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For comparisons: My last purchased on Chrono24 was over $15k and was steel. The shipment details listed it as a “PRECISION INSTRUMENT” but coded under the Harmonized Tariff Schedule as follows:
HTS Code: 9102.21.9010 - Movements For Wrist Watches, Not Battery Powered, Base Metal Case, With Automatic Winding, Having Over 17 Jewels, Others The charges via DHL were as follows: MERCHANDISE PROCESSING 50.00 IMPORT EXPORT DUTIES 95.00 ADVANCE PAYMENT 17.00 Please Pay This Amount in USD 162.00 (I rounded them a tiny bit.) YMMV, you pays your money, you takes your chances
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25 June 2022, 12:36 PM | #4 |
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$800 exemption……3% import tax on the first $1000. beyond the $800 exemption.
They charge 6.5% on any amount above the first grand. PS if you have used the $800 on something else….you’ll be charged $290 on a $5000 watch. There may also be a handling charge for customs clearing by shipper.
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29 June 2022, 01:07 PM | #5 |
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Full out a watch worksheet with the highest value on “movement”. There are 3 categories:
1) movement 2) case 3) bracelet I broke down a $15k watch in $13.5 movement, $1250 case, $250 strap and paid $130 for the shipment
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29 June 2022, 02:56 PM | #6 | |
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Quote:
In other words, no one really knows. Point is.....YMMV is what it sounds like it comes down to. |
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30 June 2022, 10:32 AM | #7 |
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Real Name: Jesse
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i told you exactly what to do.
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30 June 2022, 07:12 PM | #8 |
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Agreed and I sometimes wonder why I try to help and answer these questions.
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30 June 2022, 08:38 PM | #9 |
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Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
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Im not sure about US CBS but we have a have a simple process to calculate incoming duty and tax on basically anything:
https://www.cbsa-asfc.gc.ca/travel-v...t-cal-eng.html Note: you declare where the watch is made not where it is shipping from. |
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