The Terminator star, 76, was pictured speaking to officials at Munich after flying from LA yesterday.
The actor was freed after a lengthy interrogation about the timepiece&nbsp;
A customs spokesman said: "The watch should have been registered because it is an import."&nbsp;
It is thought Schwarzenegger, who has dual Austrian and US citizenship, was taking the Swiss Audemars Piguet device to a climate charity auction in Kitzb&uuml;hel, Austria.

Taxing time for Arnold

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.