It's not a pain to figure out, the shipper puts down the values for the movement, strap/bracelet, case on a one page worksheet. Easy peezy. The movement attracts duty of almost nothing so that is where most of the value is declared, the case and bracelet have their own rates. The net duty is pretty small, about $100 or so on a stainless steel watch with bracelet in the US$7,000 range. $5600 mvmt, $700 case, $700 bracelet for a Speedmaster I bought from Japan earlier this year. Far preferable to getting hit with a set percentage on the total value of the watch.
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