Electric lamps and lighting fixtures play a crucial role in our daily lives, illuminating our homes, offices, streets, and public spaces. These essential products fall under HS Code 94054060, which specifically refers to lamps and lighting fixtures made of base metal, excluding brass. In this article, we will explore the details and implications of this HS code, including its description, duty rates, special tariff preference programs, and importing/exporting countries.
The HS Code 94054060 encompasses a wide range of electric lamps and lighting fixtures. These products are made primarily from base metals, such as steel, aluminum, or iron, with the exclusion of brass. Examples of items covered by this code include table lamps, floor lamps, desk lamps, pendant lights, chandeliers, and wall sconces, among others. The code provides a specific classification for these lighting products, enabling trade authorities to regulate and track their import and export.
When importing products under HS Code 94054060, a bound or most-favored nation (MFN) duty rate of 6% applies. The MFN duty rate ensures that countries maintain a level playing field by imposing the same trade barriers or market opening measures for all their trading partners. This duty rate is subject to change based on international trade agreements and negotiations between countries.
Several special tariff preference programs offer duty-free treatment for electric lamps and lighting fixtures falling under HS Code 94054060. These programs are designed to promote trade and economic cooperation between countries. Here are some of the notable programs:
When it comes to importing electric lamps and lighting fixtures under HS Code 94054060, the following US states have been identified as significant importers:
On the other hand, the exporting US states for these products may vary depending on various factors such as manufacturing capabilities, distribution networks, and international trade relationships.
HS Code 94054060 covers electric lamps and lighting fixtures made of base metal, excluding brass. This code helps classify and regulate the trade of these essential products. Importers and exporters should be aware of the duty rates, special tariff preference programs, and the importing/exporting countries associated with this HS code. By understanding these details, businesses can navigate the global market for electric lamps and lighting fixtures more effectively and take advantage of the available trade opportunities.