The HS Code 94016120 refers to chairs that are not elsewhere specified (nesoi), with teak frames and upholstered. This code is used to classify and identify these specific types of chairs in international trade. Understanding the HS code is important for importers, exporters, and customs officials as it allows for clear communication and proper documentation of goods being traded.
When importing or exporting goods, the HS code provides information about the product description, quantity unit, and special tariff preference programs. In the case of HS Code 94016120, the chairs with teak frames and upholstery are classified under this code.
Bound or MFN (Most Favored Nation) duty rate for this HS code is free. 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. The free duty rate encourages trade and ensures fair treatment for all trading partners.
Additionally, there are special tariff preference programs available for this HS code. Some of the countries offering special rates or duty-free treatment for importing chairs with teak frames and upholstery include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and more. These special rates or duty-free treatments are part of various trade agreements and initiatives aimed at promoting economic cooperation and development.
Importing of chairs with teak frames and upholstery under HS Code 94016120 is common in several U.S. states. Some of the states importing these chairs include Alabama, Iowa, Kentucky, Michigan, Mississippi, Missouri, Ohio, Tennessee, Texas, Colorado, Connecticut, Hawaii, Iowa, Mississippi, North Carolina, South Dakota, and Utah. These states have a demand for such chairs, either for commercial or residential purposes.
On the other hand, the exporting of chairs with teak frames and upholstery from the United States is primarily done by Kentucky, Michigan, and Mississippi. These states have the manufacturing capabilities and resources to produce and export these chairs to other countries.
HS Code 94016120 represents chairs with teak frames and upholstery. Understanding this HS code is crucial for importers, exporters, and customs officials to ensure accurate classification, documentation, and proper treatment of these goods in international trade. The code's free duty rate and availability of special tariff preference programs further encourage trade and economic cooperation among countries.