HS Code 85139040 - Parts of Portable Electric Lamps Designed to Function by Their Own Source of Energy, Other Than Flashlights
Portable electric lamps have become an essential part of our daily lives. Whether we are camping, working in dimly lit areas, or simply needing some extra light, these lamps provide us with the convenience and functionality we need. However, have you ever wondered what goes into making these lamps work?
The HS Code 85139040 refers to the parts of portable electric lamps that are specifically designed to function by their own source of energy, excluding flashlights. This code helps to classify and identify these parts for international trade purposes.
Importing and exporting these parts have certain implications, including duty rates and special tariff preference programs. Let's take a closer look at the details of HS Code 85139040 and its relevance in the global trade market.
Product Description:
The HS Code 85139040 encompasses various components that are essential for the operation of portable electric lamps. These parts ensure that the lamps have their own source of energy, allowing them to be used in various settings without the need for external power sources. While flashlights are excluded from this code, other types of portable electric lamps fall under its classification.
Bound / MFN Duty Rate:
The bound / MFN duty rate for HS Code 85139040 is 3.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate is applicable for countries importing or exporting these parts and helps to regulate and standardize trade practices.
Quantity Unit:
The quantity unit for HS Code 85139040 is stated as "no units collected (X)." This indicates that the specific unit of measurement for these parts is not specified or measured in a standardized manner. It is important for importers and exporters to clearly communicate and agree upon the quantity of parts being traded to ensure accuracy and transparency in the transaction.
Special Tariff Preference Programs:
HS Code 85139040 is eligible for various special tariff preference programs. These programs provide certain countries with preferential treatment, such as duty-free or reduced-duty rates, when importing or exporting these parts. The countries included in these programs are:
1. Australia (Special Rate)
2. Bahrain (Special Rate)
3. Canada (NAFTA - duty-free treatment)
4. Chile (Special Rate)
5. Caribbean Basin Initiative (CBI)
6. Israel (Special Rate - duty-free treatment)
7. Andean Trade Preference Act (ATPA)
8. Jordan (Special Rate)
9. Morocco (Special Rate)
10. Mexico (NAFTA - duty-free treatment)
11. Oman (Special Rate)
12. Dominican Republic-Central American (DR-CAFTA) (Special Rate)
13. Peru (Special Rate)
14. Singapore (Special Rate)
These special tariff preference programs aim to promote trade and economic cooperation between participating countries by reducing trade barriers and encouraging the exchange of goods and services.
Importing and Exporting:
HS Code 85139040 applies to both importing and exporting these parts. Importing countries need to adhere to the duty rates and regulations set for this code, while exporting countries must ensure compliance with the requirements of the importing country. This code serves as a universal identifier for these parts, facilitating smooth and efficient international trade.
HS Code 85139040 plays a crucial role in classifying and identifying the parts of portable electric lamps designed to function by their own source of energy, excluding flashlights. By understanding the details of this code, importers and exporters can navigate the global trade market more effectively and take advantage of special tariff preference programs. Whether you are in the business of manufacturing or trading these parts, having a comprehensive understanding of HS Code 85139040 is essential for successful international trade.
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