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15 February 2020, 08:10 PM | #1 |
"TRF" Member
Join Date: Jul 2019
Location: Europe
Posts: 4
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Advice on 116710LN
Dear Rolex experts,
I've been offered a 116710LN from 2008 in what seems to be great condition, with box & guarantee card, at just under 9K (Euro). Picture attached. The caveat: Seller is a private person, we're both in the EU, licence code is out of EU (Swiss). No invoice and no custom papers available, supposedly it was a present and imported from Switzerland without paying EU customs and taxes. What do you guys think? It's an old model and not produced any more, so it might not be noticed at airports, right? On the other hand, what would happen if I'm asked to show proper custom papers? Hmmm... I'm open to all advice and shared experiences! |
15 February 2020, 08:18 PM | #2 |
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Join Date: Apr 2017
Real Name: Max
Location: UK
Watch: Various
Posts: 3,727
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I would suggest contacting your country’s government tax office in advance and get their advice.
It’s not worth losing the watch at customs for the sake of a few quid. You might be surprised by what they tell you. I think the UK import duty is around 4% there shouldn’t be any VAT to pay if it’s a private sale & technically second hand or used. However I’m not an expert - seek advice from those that are. Good luck Sent from my iPhone using Tapatalk
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15 February 2020, 08:18 PM | #3 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Aug 2012
Real Name: Lee
Location: 42.48.45N70.48.48
Watch: Too many to list!
Posts: 33,697
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Not quite certain why anyone would care if it's on your wrist.
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15 February 2020, 08:36 PM | #4 | |
2024 SubLV41 Pledge Member
Join Date: Apr 2013
Location: NL
Watch: Yachtmaster
Posts: 14,761
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Quote:
The ones in the US are looking for serious contraband. In the EU they are mere tax collectors, they even fine you for a bottle of alcohol or some cigarettes above the allowance. One is allowed to bring 430 Euro of goods. Anything above is due for 21% VAT and 6% import duties. Burden of proof is on the traveller. For EU residents it makes no sense to purchase any expensive items outside of the EU. Guess somebody has to pay for politicians hobbies. Buyer should draw up a bill of sale with clear identity of seller and himself and he will be just fine it being a transaction between two private persons. I know it sounds ridiculous but unfortunately it is true. We had a TV show about Schiphol airport customs, some people got the surprise of their life. A famous soccer star (Rummenigge) was caught in Munich airport not declaring two Rolex watches and ended up with a fine of 250.000 Euro. Quite a hot story in the press at the time.
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Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711. |
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15 February 2020, 08:24 PM | #5 |
"TRF" Member
Join Date: Apr 2012
Location: London
Watch: 114060LB
Posts: 3,986
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Is it in Switzerland now? They’re not in the EU but are members of EFTA (European Free Trade Agreement) so I don’t think duties apply.
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15 February 2020, 10:55 PM | #6 | |
"TRF" Member
Join Date: Aug 2006
Location: Africa
Posts: 1,127
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Quote:
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16 February 2020, 04:53 AM | #7 |
"TRF" Member
Join Date: Mar 2010
Real Name: Adam
Location: Costa Blanca,
Watch: YMII,GMTII,DAYTONA
Posts: 5,288
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Put the watch on your wrist and wear it - NO issue at all
Post the box and papers back
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The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is. Winston Churchill "We judge ourselves by what we feel capable of doing, while others judge us by what we have already done." |
23 May 2020, 05:39 PM | #8 |
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Join Date: May 2020
Location: USA
Posts: 5
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Did you purchase the watch???
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25 May 2020, 11:11 PM | #9 |
"TRF" Member
Join Date: Mar 2019
Location: Germany
Posts: 64
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I dont think you guys got his point. Hes not going to import it from Switzerland, the watch already is in EU so there is no issue at all unless you want to travel with the whole set box and papers (that might raise customs suspicion) but no one does that, apart from fresh purchases. So as long as its on your wrist youre fine
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