Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 15122900: Cottonseed oil and its fractions

Cottonseed oil is a type of vegetable oil derived from the seeds of cotton plants. It is widely used in cooking, baking, and various industrial applications. In this article, we will explore the HS Code 15122900, which specifically refers to cottonseed oil, other than crude, and its fractions, whether or not refined, but not chemically modified.

The HS Code, also known as the Harmonized System Code, is an internationally recognized system for classifying and identifying traded products. It is used by customs authorities, traders, and businesses to determine the applicable tariffs, regulations, and trade statistics for a particular product.

Under HS Code 15122900, the bound or most-favored-nation (MFN) duty rate for cottonseed oil and its fractions is 5.6 cents per kilogram (KG). This means that countries applying this HS Code will impose a duty of 5.6 cents per kilogram on imported cottonseed oil, unless specific tariff preferences apply.

Many countries have special tariff preference programs in place for certain goods, including cottonseed oil. These programs aim to promote trade and economic development by providing preferential treatment to eligible countries. Let's take a closer look at some of these programs:

• Free Trade Agreement: Under the Free Trade Agreement, imports from countries such as Australia, Canada, Israel, Mexico, and Oman are eligible for duty-free treatment. This means that these countries can export cottonseed oil to the United States under HS Code 15122900 without paying any import duties.
• Africa Growth and Opportunity Act (AGOA): The AGOA program provides duty-free treatment for eligible products from beneficiary African countries. Cottonseed oil imports from these countries can benefit from this program, promoting trade and economic growth.
• Caribbean Basin Initiative (CBI): The CBI program offers duty-free treatment for certain products from beneficiary Caribbean countries. Cottonseed oil imports from these countries can enjoy preferential treatment under HS Code 15122900.
• Andean Trade Preference Act (ATPA): Under the ATPA, cottonseed oil imports from countries such as Colombia, Ecuador, and Peru can benefit from preferential tariff rates.
• Jordan Special Rate: Jordan enjoys a special rate for cottonseed oil imports under HS Code 15122900, promoting trade between the United States and Jordan.

It is important to note that specific tariff rates may apply to certain countries under HS Code 15122900. For example, Chile and Singapore have a special rate of 0.7 cents per kilogram for cottonseed oil imports. This means that cottonseed oil imported from these countries will be subject to a lower duty rate compared to the general MFN rate.

When importing cottonseed oil into the United States, it is also essential to consider the exporting US states. Different states may have varying regulations, quality standards, and trade agreements related to cottonseed oil. It is advisable to consult with trade experts or customs authorities to ensure compliance with all relevant requirements.

HS Code 15122900 encompasses cottonseed oil, other than crude, and its fractions. It is important for importers, exporters, and businesses involved in the trade of cottonseed oil to understand the applicable duty rates, tariff preferences, and regulations associated with this HS Code. By leveraging special tariff preference programs and adhering to trade regulations, businesses can optimize their import-export operations and contribute to economic growth.