Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 15091040: Virgin Olive Oil and its Fractions

Virgin olive oil and its fractions fall under the HS code 15091040. This code is used to classify and categorize specific products for international trade. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.

Product Description

The product described by the HS code 15091040 is virgin olive oil and its fractions. It includes both refined and unrefined forms of olive oil. The weight of the immediate container should be 18 kg or over. This code specifically refers to olive oil that has not been chemically modified.

Duty Rates

The bound or Most Favored Nation (MFN) duty rate for HS code 15091040 is 3.4 cents/kg. The MFN duty rate is the standard tariff rate that applies to imports from all trading partners. It ensures that a country does not discriminate against any specific trading partner and treats all goods or services equally.

Quantity Unit

The quantity unit for HS code 15091040 is kilograms (KG). This unit of measurement is used to determine the weight of the virgin olive oil and its fractions being imported or exported.

Special Tariff Preference Programs

There are several special tariff preference programs that apply to imports classified under HS code 15091040. These programs provide certain countries with preferential treatment, including duty-free access to the US market. The programs applicable to this HS code are:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries.
• Australia Special Rate: Specific tariff rate for imports from Australia.
• Bahrain Special Rate: Specific tariff rate for imports from Bahrain.
• NAFTA for Canada: Duty-free treatment for imports from Canada under the North American Free Trade Agreement.
• Chile Special Rate: Specific tariff rate for imports from Chile.
• Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible Caribbean countries.
• Israel Special Rate: Duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA): Provides duty-free treatment for eligible Andean countries.
• Jordan Special Rate: Specific tariff rate for imports from Jordan.
• Morocco Special Rate: Specific tariff rate for imports from Morocco.
• NAFTA for Mexico: Duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
• Oman Special Rate: Specific tariff rate for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Provides duty-free treatment for eligible countries in the Dominican Republic-Central America Free Trade Agreement.
• Peru Special Rate: Specific tariff rate for imports from Peru.
• Singapore Special Rate: Specific tariff rate for imports from Singapore.

Importing and Exporting US States

When it comes to importing and exporting HS code 15091040, the following US states are involved:

Importing US States:

• Alaska
• Louisiana
• Virginia

Exporting US States:

• Alaska
• Alaska
• Alaska
• Louisiana
• Virginia

These states play a role in the trade of virgin olive oil and its fractions, either as importers or exporters of the product.

HS code 15091040 represents virgin olive oil and its fractions. It is important to understand the details of this code, including its product description, duty rates, quantity unit, special tariff preference programs, and the involvement of specific US states in the trade of this product. By adhering to the regulations and preferences associated with this HS code, international trade can be conducted smoothly and efficiently.