When it comes to importing and exporting electric lamps and lighting fixtures made of brass, HS Code 94054040 is the code that identifies these products. This code is essential for international trade as it helps in classifying the goods and determining the applicable tariffs and trade preferences.
Electric lamps and lighting fixtures covered under HS Code 94054040 are classified as "not elsewhere specified or included" (nesoi). This means that they are a specific type of lighting fixtures made of brass that do not fall under any other specific HS code for lighting fixtures.
HS Code 94054040 refers to electric lamps and lighting fixtures made of brass. These lighting fixtures can include various types such as chandeliers, wall sconces, table lamps, floor lamps, and more. The use of brass as the primary material gives these fixtures an elegant and timeless look.
For countries that apply the Most Favored Nation (MFN) principle, the bound duty rate for products classified under HS Code 94054040 is 4.7%. This means that when a country lowers its trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners.
The quantity unit for electric lamps and lighting fixtures of brass is "number" (NO). This unit indicates that the products are measured and traded based on the number of individual items.
Several countries and trade preference programs offer special tariff rates or duty-free treatment for products classified under HS Code 94054040. These programs aim to promote trade and provide incentives for importing and exporting these goods. Some of the special tariff preference programs applicable to electric lamps and lighting fixtures of brass include:
When importing electric lamps and lighting fixtures of brass into the United States, specific states have been identified as major destinations for these products. These states include New Mexico, Oklahoma, and the Virgin Islands. Importers and exporters should take note of these states when planning their trade activities.
As for exporting electric lamps and lighting fixtures of brass from the United States, the information regarding specific states is not provided in the available data. However, it is important to note that the United States is a significant exporter of various products, and different states contribute to the overall export activity.
HS Code 94054040 serves as a crucial identifier for electric lamps and lighting fixtures made of brass. Importers and exporters need to be aware of the code and its associated details to ensure compliance with tariff rates and take advantage of special tariff preference programs. Understanding the specific requirements and applicable trade preferences can help facilitate smooth international trade for these products.