The HS Code 94052040 refers to electric table, desk, bedside, or floor-standing lamps made of brass. This code is used to classify and track the import and export of these specific types of lamps. Understanding the HS Code and its associated information is essential for businesses involved in international trade.
The product description provides important details about the lamps covered by this HS Code. It specifies that the lamps are electric and can be used on tables, desks, bedside tables, or as floor-standing lamps. Additionally, it highlights that these lamps are made of brass, which is a popular and durable material for lighting fixtures.
When it comes to trade barriers and market access, the bound/MFN duty rate for this HS Code is 3.7%. This rate applies every time a country lowers a trade barrier or opens up a market, ensuring that the same goods or services from all trading partners receive equal treatment. It is important for businesses to consider this duty rate when importing or exporting electric lamps of brass.
The quantity unit for this HS Code is the number (NO). This unit indicates that the quantity of lamps being imported or exported is measured in numbers. It is crucial for businesses to accurately report the quantity of goods to ensure compliance with customs regulations.
There are several special tariff preference programs associated with this HS Code. These programs provide certain countries with preferential treatment or duty-free access to the specified goods. The countries included in these programs for electric lamps of brass are:
Businesses importing or exporting electric lamps of brass should take advantage of these special tariff preference programs when applicable. It can help reduce or eliminate the duty costs associated with trade.
Based on available data, the following US states have reported importing electric lamps of brass under HS Code 94052040:
It is important for businesses in these states to understand the regulations and requirements associated with importing goods under this HS Code. Compliance with customs regulations is crucial to avoid any penalties or delays in the import process.
While the exporting US states for this specific HS Code are not mentioned in the provided data, it is essential for businesses involved in exporting electric lamps of brass to comply with the regulations of the destination country. Proper documentation and adherence to customs requirements are necessary for a smooth export process.
Overall, the HS Code 94052040 plays a vital role in the classification and tracking of electric lamps made of brass. Businesses engaged in the import or export of these lamps should familiarize themselves with the HS Code, associated duty rates, and special tariff preference programs to ensure compliance and optimize trade opportunities.