When it comes to international trade, it is crucial to have a standardized system for classifying and identifying products. This is where the Harmonized System (HS) Code comes into play. The HS Code 94052080 specifically refers to electric table, desk, bedside, or floor-standing lamps that are not made of base metal. Let's delve deeper into this HS Code and explore its implications in the global trade market.
Electric lamps are an essential part of our daily lives, providing illumination in various settings. The HS Code 94052080 categorizes a specific type of electric lamp that includes table lamps, desk lamps, bedside lamps, and floor-standing lamps. These lamps are not made of base metal, indicating that they are constructed using materials other than metals like steel or aluminum.
Understanding the HS Code 94052080 can be beneficial for importers, exporters, and government authorities involved in international trade. It helps in streamlining customs procedures, determining import duties, and tracking trade statistics accurately. Let's explore some key details related to this HS Code.
The Bound / MFN duty rate for HS Code 94052080 is 3.9%. This rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment. The Bound / MFN duty rate plays a significant role in determining the cost of importing or exporting electric lamps falling under this HS Code.
The quantity unit for HS Code 94052080 is the number (NO). This unit denotes the number of electric lamps being imported or exported. It helps in accurately documenting the quantity of goods involved in international trade transactions.
Several countries have established special tariff preference programs that provide certain trade benefits for products falling under HS Code 94052080. Here are some notable programs and their associated countries:
These special tariff preference programs aim to promote trade and economic cooperation between the participating countries. Importers and exporters can take advantage of these programs to reduce or eliminate import duties, making their products more competitive in the global market.
HS Code 94052080 is imported into the following US states:
These states have a demand for electric lamps falling under this HS Code, indicating potential market opportunities for exporters.
No specific information is available regarding the US states that export HS Code 94052080. However, it is important to note that the United States has a significant presence in the global trade of electric lamps and related products. Various states across the country engage in exporting such goods to meet the demand of international markets.
HS Code 94052080 encompasses electric table, desk, bedside, or floor-standing lamps that are not made of base metal. It plays a crucial role in facilitating international trade, determining import duties, and tracking trade statistics. Understanding the details associated with this HS Code can help businesses and government authorities make informed decisions and capitalize on the benefits offered by special tariff preference programs.