bbell6 Posted January 29, 2008 Report Share Posted January 29, 2008 Last month I was on a cruise in the Carribean and they really push watch purchases due to the duty free shopping. I will be returning to Grand Cayman this year and am considering purchasing a Panerai. However, my understanding is that you only get an $800 exemption from customs when returning to the US. Even if I can use both my $800 exemption and my wife's $800 exemption, I'm still stuck with customs fees of 10% on the remainder. Since most US state sales taxes are less than 10%, I don't see what the big deal is. Am I missing something? Quote Link to comment Share on other sites More sharing options...
assasi9 Posted January 29, 2008 Report Share Posted January 29, 2008 dont declare it Quote Link to comment Share on other sites More sharing options...
RageRover Posted January 29, 2008 Report Share Posted January 29, 2008 I agree. In all honesty...why not just wear it...and dont declare it. In addition, rules are always different for used items. I'll check the customs rate for you, but I used to import vehicles. Used cars have a duty of 2.5% for example. Anway...wear the watch. Spend the $100 and have the box sent FedEx. Thats what I would do. Thats what friends have done. Quote Link to comment Share on other sites More sharing options...
bbell6 Posted January 31, 2008 Author Report Share Posted January 31, 2008 Thanks for the input. I had a feeling that is what most people were doing. I was just wondering how risky it was, but if you don't have the box and receipt on you, I don't guess its that risky. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.