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Old 12 August 2024, 07:29 AM   #61
LJubel328
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Can you share what the customs duty was? Ie $30k piece from Spain how much do you pay in customs fee at entry?

If I recall correctly, it’s never been more than 2% of the value of the watch. I would always have the HTS codes with me.

It really depends on the agent and how they calculate the breakdown. This is why Ive always had the codes and what I think the appropriate % for each readily available.


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Old 12 August 2024, 08:40 AM   #62
Jackie Daytona
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Beautiful! Congratulations!
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Old 14 August 2024, 12:10 AM   #63
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Quote:
Originally Posted by LJubel328 View Post
If I recall correctly, it’s never been more than 2% of the value of the watch. I would always have the HTS codes with me.

It really depends on the agent and how they calculate the breakdown. This is why Ive always had the codes and what I think the appropriate % for each readily available.


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Can you share what HTS code you use? I did a search and found this, but seems quite a bit more than what code you’re using.

HTS Code 9102.21.70 (Wristwatches with automatic winding, other than those of precious metal):
General Duty Rate: 9.8% on the case, movement, and strap/bracelet/band if all are imported together.
Additional duties may apply if the watch has additional features or if it's classified differently.


HTS Code 9101.21.30 (Wristwatches of precious metal, with mechanical movements):
General Duty Rate: 5.3% on the entire value of the watch.
If the watch contains jewels, additional duties may apply based on the number and type of jewels.
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Old 14 August 2024, 12:14 AM   #64
H0KIE FAN
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That's a beauty. Congrats!
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Old 14 August 2024, 12:14 AM   #65
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Originally Posted by Sergio_UKR View Post
I tried a few watches on (they had pretty decentRolex lineup) and then asked what is available for purchase )

Seeing many questions on the tax refund amount and process. Will respond to everyone once the process is finalized and money hit my account. ;)


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I can't wait to hear this! I've always wondered!
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Old 14 August 2024, 12:24 AM   #66
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Quote:
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Got this beauty during my trip to Spain. 21% tax refund made it very appealing. Plus rose gold is just phenomenal.




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Very nice! Congrats!
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Old 14 August 2024, 12:37 AM   #67
worldofoyster
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21% refund? that's crazy.

do you need to pay tax at custom when you come back?
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Old 14 August 2024, 01:27 AM   #68
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Congrats!
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Old 14 August 2024, 01:54 AM   #69
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I always have the best luck in Spain!!! Congrats
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Old 14 August 2024, 02:07 AM   #70
JasoninDenver
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That is one heck of a great souvenir!!!
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Old 14 August 2024, 02:51 AM   #71
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Wow Congrats!
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Old 14 August 2024, 03:50 AM   #72
kwingy
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Amazing purchase for a walk in!! That is a waiting list watch here in UK for sure.
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Old 14 August 2024, 03:52 AM   #73
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Congratulations, enjoy it
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Old 14 August 2024, 04:20 AM   #74
GST15
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Quite an impulse! Congratulations
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Old 14 August 2024, 04:40 AM   #75
nyc2la
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Beauty, congrats!
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Old 14 August 2024, 04:55 AM   #76
Dave O
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Congratulations!!! It's beautiful. And you have very good taste in watches. I picked up the exact same reference from my AD in February.
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Old 14 August 2024, 06:26 AM   #77
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That’s a pretty Daytona, and I don’t even like Daytonas. Congrats!

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Old 14 August 2024, 06:58 AM   #78
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Nice pick up! Nothing like getting one on vaca
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Old 15 August 2024, 04:41 AM   #79
MannyMann
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Great reference! congratulations, wear it in good health.
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Old 15 August 2024, 07:21 AM   #80
dannyboy123
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Quote:
Originally Posted by Sergio_UKR View Post
Not quite 20% cheaper, since prices are different in EU and US, but should be around 12% less than US AD price including all taxes, conversion rates etc.


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Tax free is the future. I bought the black dialled version of this duty free from my AD in April, just had to fly in/out of the country to avoid 15% tax - win win - i buy all my watches this way.
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Old 15 August 2024, 07:39 AM   #81
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Now that's an impulse buy without any regrets!
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Old 20 August 2024, 07:16 AM   #82
Sergio_UKR
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Few folks asked for an update, so posting final numbers.
Cost of watch in Spain - $38k
Final tax refund from Global Blue - $5.65k (they took about $1k for their fees which is a ripoff IMO)
Final cost after tax refund - $32.35k

Given the average state sales tax of around 7% this watch can be purchased in US for around $38.85k right now, so total savings are approximately $6.5k or 16-17% which is quite good IMO.
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Old 20 August 2024, 07:43 AM   #83
Mrngrz46
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That’s a pretty Daytona, and I don’t even like Daytonas. Congrats!

Kat


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Daytona hurts who can’t have it
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