Chandeliers and other electric ceiling or wall lighting fittings are an integral part of interior design, adding elegance and sophistication to any space. With the HS Code 94051040, these lighting fixtures made of brass are classified and regulated for international trade. In this article, we will delve into the details of this HS Code, exploring its product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states.
The HS Code 94051040 refers specifically to chandeliers and other electric ceiling or wall lighting fittings made of brass. These fixtures are designed for residential and commercial use, excluding public spaces. The use of brass in their construction adds a touch of luxury and durability, making them a popular choice for interior decorators and lighting enthusiasts.
The bound or most-favored-nation (MFN) duty rate for HS Code 94051040 is 3.9%. This rate ensures that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle promotes fair and equal trade practices, fostering global economic growth and cooperation.
The quantity unit for HS Code 94051040 is number (NO), which indicates that the products are measured and traded individually. Each chandelier or lighting fitting is considered as one unit, allowing for precise inventory management and international trade calculations.
HS Code 94051040 benefits from various special tariff preference programs that provide favorable treatment in terms of duty rates. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating duties on specific products, including chandeliers and electric ceiling or wall lighting fittings.
When it comes to importing HS Code 94051040 products, several US states stand out as key destinations. These states include:
These states have shown a consistent demand for chandeliers and electric lighting fittings made of brass, making them attractive markets for exporters and manufacturers in other countries.
While the importing US states mentioned above are key destinations, it is also important to consider the exporting US states. These states represent the origin of the products classified under HS Code 94051040. However, the specific exporting US states for this HS Code data are not provided.
HS Code 94051040 encompasses chandeliers and other electric ceiling or wall lighting fittings made of brass. This code facilitates international trade by providing a standardized classification and regulation system. Understanding the product description, duty rates, quantity units, special tariff preference programs, and key importing US states is crucial for both exporters and importers in the lighting industry.