IMPLEMENTATION LEVEL

Supranational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 May 2014 | Removal date: 07 Sep 2017
Still in force

Import tariff

EEC Collegium Decision Nr. 51 of 8 April 2014 reduced the import duties on certain components for the manufacture of watches. 
Temporarily, for the period 10 May 2014 tp 05 September 2017, no import duty (previously at 9%) will be collected on the main bodies of non-precious metal wrist and pocket watches and parts thereof. 
 
For the same period, the import duties on lanyards, belts and bracelets of precious metal are reduced from 15% to 5% of the customs value. 
 
On a permanent basis, the import duties on electricity-operated are reduced from 15% to 10% and those on self-winding watch mechanisms from 15% to 5%. 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

292 Luggage & handbags; saddlery & harness; other leather articles
9113 Watch straps, watch bands and watch bracelets, and parts thereof.
911390 Other
484 Watches & clocks; parts
9111 Watch cases and parts thereof.
911120 Cases of base metal, whether or not gold or silverplated

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