HS Code 94052060: Electric Table, Desk, Bedside or Floor-Standing Lamps, of Base Metal (Other than Brass)
Electric table, desk, bedside or floor-standing lamps are essential lighting fixtures that are widely used in homes, offices, hotels, and other commercial spaces. These lamps provide both functional and aesthetic lighting, adding warmth and ambiance to any room. The HS Code 94052060 specifically refers to lamps made of base metal, excluding brass.
The HS Code is an internationally recognized system for classifying traded products. It allows customs authorities and traders to identify and classify products for import and export purposes. The HS Code serves as a common language for trade, ensuring consistency and accuracy in international transactions.
The MFN (Most Favored Nation) duty rate for products classified under HS Code 94052060 is 6%. This means that whenever a country lowers trade barriers or opens up its market, the same duty rate applies to all trading partners for these lamps made of base metal. The MFN principle ensures fair and non-discriminatory trade practices.
The quantity unit for HS Code 94052060 is the number (NO), indicating the number of lamps being imported or exported. This unit provides a clear measurement for customs and trade statistics, facilitating accurate record-keeping and analysis.
In addition to the general duty rate, there are also special tariff preference programs available for lamps classified under HS Code 94052060. These programs offer preferential treatment, including duty-free access, to specific countries. Some of the special tariff preference programs applicable to this HS Code are as follows:
1. Generalized System of Preferences (GSP): This program grants duty-free treatment to eligible products from various developing countries, promoting economic growth and development.
2. Australia Special Rate: Australia has a special rate for lamps classified under this HS Code, providing favorable conditions for trade between the two countries.
3. Bahrain Special Rate: Bahrain offers a special rate for these lamps, facilitating trade and enhancing economic ties.
4. NAFTA for Canada and Mexico: The North American Free Trade Agreement (NAFTA) provides duty-free treatment for lamps classified under this HS Code when traded between Canada, Mexico, and the United States.
5. Chile Special Rate: Chile offers a special rate for lamps made of base metal, promoting trade and cooperation between Chile and other countries.
6. Caribbean Basin Initiative (CBI): This initiative grants duty-free access to eligible products from designated Caribbean countries, promoting economic development and regional integration.
7. Israel Special Rate: Israel provides duty-free treatment for lamps classified under this HS Code, fostering trade relations and cooperation.
8. Andean Trade Preference Act (ATPA): This program offers preferential treatment to eligible products from Andean countries, supporting economic growth and stability in the region.
9. Jordan Special Rate: Jordan has a special rate for lamps made of base metal, creating favorable conditions for trade between Jordan and other countries.
10. Morocco Special Rate: Morocco offers a special rate for these lamps, promoting trade and strengthening economic ties.
11. Oman Special Rate: Oman provides favorable conditions for lamps classified under this HS Code, enhancing trade relations and economic cooperation.
12. Dominican Republic-Central American Special Rate (DR-CAFTA): This program grants duty-free treatment to eligible products from the Dominican Republic and Central American countries, fostering trade and regional integration.
13. Peru Special Rate: Peru offers a special rate for lamps made of base metal, facilitating trade and cooperation between Peru and other countries.
14. Singapore Special Rate: Singapore provides favorable conditions for lamps classified under this HS Code, promoting trade and enhancing economic ties.
When it comes to importing lamps classified under HS Code 94052060 to the United States, the following states are prominent importers:
- New Mexico
- Oklahoma
- Virgin Islands
These states have a significant demand for electric lamps, making them key markets for importers. Understanding the import patterns and preferences of these states can help businesses target their marketing and distribution strategies more effectively.
On the other hand, the exporting states for lamps classified under HS Code 94052060 may vary depending on the production and manufacturing capabilities of different countries. It is crucial for exporters to identify potential markets and trading partners to optimize their export opportunities.
HS Code 94052060 pertains to electric table, desk, bedside, or floor-standing lamps made of base metal, excluding brass. This HS Code is essential for classifying and regulating the import and export of these lamps. Understanding the duty rates, special tariff preference programs, and import/export patterns associated with this HS Code is crucial for businesses and traders in the lighting industry.
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