Animal fats and oils are an essential component of various industries, including food, cosmetics, and pharmaceuticals. Understanding the HS Code 15060000 is crucial for importers and exporters dealing with these products. This educational article provides comprehensive information about the HS Code 15060000, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS Code 15060000 refers to animal fats and oils and their fractions, not elsewhere specified or included (nesi). These fats and oils may or may not be refined but must not have undergone any chemical modifications. They are derived from animals and find applications in various industries.
The bound and MFN (Most Favored Nation) duty rate for products classified under HS Code 15060000 is 2.3%. The MFN duty rate ensures that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for products classified under HS Code 15060000 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of the imported or exported goods.
Several countries participate in special tariff preference programs that provide exemptions or reduced duty rates for products classified under HS Code 15060000. The following countries enjoy special tariff rates:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
When it comes to importing and exporting animal fats and oils classified under HS Code 15060000, several US states play a significant role. The following US states are involved in the import and export of these products:
These US states are actively engaged in the trade of animal fats and oils, contributing to the overall import and export volume.
the HS Code 15060000 represents animal fats and oils and their fractions nesi, whether or not refined, but not chemically modified. Importers and exporters dealing with these products should be aware of the duty rates, quantity unit, special tariff preference programs, and the involvement of specific US states in their trade. Understanding the HS Code 15060000 is essential for efficient and compliant international trade.