HS Code 85392240 refers to electrical filament Christmas-tree lamps with a power not exceeding 200 W and for a voltage exceeding 100 V. This code helps classify and identify these specific types of lamps for import and export purposes. Let's delve deeper into this HS code and understand its implications.
The product description covered by HS Code 85392240 includes electrical filament Christmas-tree lamps. These lamps are designed specifically for use during the holiday season and are typically used to decorate Christmas trees. They have a power rating not exceeding 200 W and operate at a voltage exceeding 100 V. This description helps differentiate these lamps from other types of electrical lamps available in the market.
The bound / MFN duty rate for HS Code 85392240 is 5.8%. A bound duty rate refers to the maximum rate of duty that a country can impose on imported goods. It is agreed upon during international trade negotiations and is applied uniformly to all trading partners. In this case, any country importing electrical filament Christmas-tree lamps under this HS code will be subject to a duty rate of 5.8%.
The quantity unit for HS Code 85392240 is number (NO). This unit represents the number of individual lamps being imported or exported. It helps track and quantify the quantity of lamps being traded internationally.
Under HS Code 85392240, several special tariff preference programs are available for specific countries. These programs provide preferential treatment in terms of duty-free or reduced-duty rates. The following countries are eligible for these special tariff preference programs:
These special tariff preference programs aim to promote trade and provide economic benefits to the participating countries. They encourage countries to lower trade barriers and open up their markets for the same goods or services from all trading partners.
HS Code 85392240 applies to both importing and exporting activities involving electrical filament Christmas-tree lamps. Importing states within the United States can use this code to classify and track the lamps being brought into the country. Exporting states can also utilize this code to properly categorize and document the lamps being shipped out of the country.
Overall, HS Code 85392240 plays a crucial role in international trade by providing a standardized classification for electrical filament Christmas-tree lamps. It helps ensure proper documentation, tracking, and classification of these lamps for import and export purposes. The various special tariff preference programs further enhance trade opportunities and economic cooperation among participating countries.