Fish-liver oils and their fractions, other than cod-liver oil and its fractions, fall under HS Code 15041040. This code is used to classify and identify this specific product in international trade. Understanding this HS code is crucial for importers, exporters, and anyone involved in the global fish-liver oil market.
The product description for HS Code 15041040 clearly states that it refers to fish-liver oils and their fractions, excluding cod-liver oil and its fractions. This code helps in distinguishing these oils from other types of fish oils, ensuring accurate trade documentation and classification.
When importing or exporting fish-liver oils under HS Code 15041040, it is important to be aware of the bound or Most Favored Nation (MFN) duty rate. The duty rate for this product is 2.5%. The MFN duty rate ensures that every country lowers its trade barriers and opens up its market equally for the same goods or services from all its trading partners.
The unit of measurement for fish-liver oils and their fractions under HS Code 15041040 is kilograms (KG). This unit is used to quantify the weight or quantity of the product during trade transactions.
In addition to the duty rate, there are special tariff preference programs available for fish-liver oils and their fractions under HS Code 15041040. These programs provide certain countries with preferential treatment, including duty-free access to the market. The following countries and regions are eligible for special tariff preference programs for this product:
These special tariff preference programs aim to promote trade and economic development by granting favorable treatment to eligible countries and regions.
When importing fish-liver oils and their fractions under HS Code 15041040 to the United States, it is important to consider the exporting US states. Understanding the specific states involved in the trade can help in logistics planning, transportation, and compliance with state-specific regulations.
To summarize, HS Code 15041040 represents fish-liver oils and their fractions, excluding cod-liver oil and its fractions. This code is used to identify and classify this specific product in international trade. Importers and exporters should be familiar with the duty rate, unit of measurement, and special tariff preference programs associated with this HS code to ensure compliance and maximize trade benefits.