The Harmonized System (HS) is an internationally recognized standard for classifying and coding products for import and export purposes. Each product is assigned a unique HS code, which helps to facilitate trade by providing a common language for customs officials, traders, and statisticians. In this article, we will explore HS Code 15030000, which covers lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil that are not emulsified or mixed or otherwise prepared.
Lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil are animal fats and oils that are derived from pigs or cattle. They are commonly used in various industries, including food processing, cosmetics, and soap production. These products have a wide range of applications, from cooking and frying to acting as ingredients in skincare products.
HS Code 15030000 falls under Chapter 15 of the HS system, which is dedicated to animal or vegetable fats and oils and their cleavage products. The code specifically covers lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil that are not emulsified or mixed or otherwise prepared. This means that the products included in this HS code are in their raw or unprocessed form, without any additives or modifications.
When importing products classified under HS Code 15030000 into the United States, the quantity is typically measured in kilograms (KG). This unit of measurement is used to determine the volume of the products being imported and is essential for customs clearance and duty calculation.
Speaking of duties, the bound or Most Favored Nation (MFN) duty rate for HS Code 15030000 is 2 cents per kilogram. The MFN duty rate is the standard rate applied to imports from all trading partners unless a preferential tariff program or trade agreement is in place. It ensures that all countries are treated equally when it comes to trade barriers and market access.
However, there are several special tariff preference programs available for imports under HS Code 15030000. These programs provide duty-free treatment or reduced duty rates for eligible countries. Some of the notable programs include:
These special tariff preference programs aim to promote economic development, enhance trade relationships, and provide benefits to specific countries or regions. Importers should carefully review the eligibility criteria and documentation requirements for each program to take advantage of these preferential tariff rates.
HS Code 15030000 covers lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil that are not emulsified or mixed or otherwise prepared. This HS code is essential for classifying and tracking the import and export of these animal fats and oils. Importers should be aware of the MFN duty rate and the various special tariff preference programs available to ensure compliance with customs regulations and maximize cost savings. By understanding the HS code and its implications, importers can navigate the complexities of international trade more efficiently and effectively.