It was true then and it is still true today. It's just that the extra duties were something like $1 a jewel. Omega had special 17 jewel versions of some movements (cal. 550/560) that normally had 24 jewels (cal. 552/562). Customs was charged on every jewel, if over 17. Adjustments were extra on top of that.
Back in the days when a really good watch sold for under $100, an extra $25 to $30 cost to the importer was a really big deal.
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