The HS Code 15149110 refers to a specific product, which is Rapeseed/colza (not low erucic) or mustard oil, used in the manufacture of rubber substitutes or lubricating oil. This product is in its crude form and has not been chemically modified.
When it comes to international trade, countries often use Harmonized System (HS) codes to classify products for customs purposes. These codes are standardized worldwide, allowing for easier identification and categorization of goods.
The HS Code 15149110 falls under the category of vegetable oils and fats. It specifically refers to rapeseed/colza or mustard oil that is suitable for use in the production of rubber substitutes or lubricating oil. The crude nature of this oil means that it has not gone through any chemical modifications.
One important aspect of the HS Code 15149110 is the bound and MFN duty rate associated with it. The bound duty rate refers to the maximum rate of duty that a country can impose on imports of this product. On the other hand, the MFN (Most-Favored Nation) duty rate is the rate applied to imports from all trading partners.
For the HS Code 15149110, the bound and MFN duty rate is free. This means that there are no tariffs or duties imposed on imports of this product. It is important to note that this duty rate applies to all trading partners equally. Whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners.
The quantity unit for the HS Code 15149110 is kilograms (KG). This means that the product is measured and traded in kilograms.
There are also special tariff preference programs associated with the HS Code 15149110. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries or regions have special tariff preference for this product: A+, Australia, Bahrain, Canada, Chile, Dominican Republic-Central American, Israel, Jordan, Morocco, Mexico, Oman, Peru, Singapore, and the United States.
Importing US states and exporting US states are also relevant when it comes to the HS Code 15149110. These states are involved in the import and export of the product, contributing to the overall trade volume.
the HS Code 15149110 represents rapeseed/colza or mustard oil used in the manufacturing of rubber substitutes or lubricating oil. It is important for countries to understand the specific HS codes associated with products to ensure proper classification and regulation of international trade.