Bought a new Rolex DJ abroad in Asia for ~12k. Declared it at US customs (I’m a goody two shoes) when re-entering and the agent told me that “usually the duty would be 7%” but that he would only charge me 5% ($520 after duty free exemption) because I declared.
Looking online though, it seems like the duty rate is usually more like 3%? Did I get overcharged?
The answer has already been posted. I appreciate you for paying the appropriate tariffs on your watch. The way it should be done!
The rest of us degenerates would have shipped the box to our home address, the receipt to a family member, and wear the watch on right/left wrist as we walk through customs. with a big smile.