The HS Code 94059920 refers to parts of lamps, lighting fixtures, illuminated signs, and similar items that are made of brass. This code is used to classify and categorize these products for international trade purposes. Understanding this code is important for importers and exporters who deal with these types of products.
When importing or exporting products classified under HS Code 94059920, it is essential to be aware of the specific regulations, duties, and tariff preferences associated with this code. Let's explore the details of this code and its implications for trade.
The product covered by this HS Code includes various components and parts of lamps, lighting fixtures, and illuminated signs. These items are specifically made from brass, a popular material known for its durability, conductivity, and aesthetic appeal.
The bound or Most Favored Nation (MFN) duty rate for products classified under HS Code 94059920 is 3.9%. This rate indicates the tariff that is imposed on these products when imported into a country. It is important to note that this duty rate may vary depending on the country and any specific trade agreements in place.
Trade barriers, such as import duties, are often reduced or eliminated through trade agreements and negotiations between countries. However, it is crucial to maintain consistency in providing the same trade benefits to all trading partners for the same goods or services. This principle ensures fairness and equal treatment in international trade.
The quantity unit for products classified under HS Code 94059920 is indicated as "No units collected (X)." This means that the quantity of the product is not measured or collected in a specific unit. It could be based on weight, volume, or any other relevant metric determined by the importing or exporting country.
Products classified under HS Code 94059920 may be eligible for special tariff preference programs. These programs offer reduced or duty-free treatment for imports or exports to specific countries. The following programs are applicable to this HS Code:
These special tariff preference programs provide exemptions or reduced rates for specific countries based on trade agreements or regional cooperation. Importers and exporters should be familiar with the eligibility criteria and requirements of these programs to take advantage of the benefits they offer.
When importing products classified under HS Code 94059920 into the United States, the specific regulations and requirements of the importing state must be considered. Each state may have additional regulations or restrictions on the importation of these products. Importers should consult the relevant state authorities or trade associations for the specific guidelines.
When exporting products classified under HS Code 94059920 from the United States, it is essential to comply with the export regulations and licensing requirements of the federal government. Additionally, exporters should be aware of any specific regulations or restrictions imposed by the state from which the products are being exported. Exporters should consult the U.S. Department of Commerce and the relevant state authorities for comprehensive guidance on exporting procedures.
HS Code 94059920 represents parts of lamps, lighting fixtures, illuminated signs, and similar items made of brass. Importers and exporters dealing with these products should be familiar with the associated regulations, duties, and tariff preference programs. Understanding the specific requirements and trade benefits can contribute to successful and compliant international trade operations.