Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 15149910: Rapeseed/colza or Mustard Oil for Rubber Substitute or Lube Oil

The HS Code 15149910 refers to the product description of rapeseed/colza (not low erucic) or mustard oil, which is used for the manufacture of rubber substitute or lube oil. This code specifically excludes crude oil and chemically modified fractions. This article will provide extensive information about this HS code and its implications in international trade.

When it comes to trade barriers and market openness, every country must treat the same goods or services from all its trading partners equally. This principle is known as the Most Favored Nation (MFN) duty rate, which ensures that countries do not discriminate against specific trading partners. In the case of HS Code 15149910, the bound or MFN duty rate is free.

The quantity unit for this HS code is kilograms (KG), which represents the weight or volume of the imported or exported product. This unit helps in accurately measuring and documenting the trade of rapeseed/colza or mustard oil.

Furthermore, there are special tariff preference programs associated with HS Code 15149910. These programs provide additional benefits or exemptions for certain countries or regions. In the case of this HS code, the following special tariff preference programs are applicable:

• A+: Only imports from least-developed beneficiary developing countries eligible for GSP under that subheading receive duty-free treatment.
• AU: Australia Special Rate - Duty-free treatment for imports from Australia.
• BH: Bahrain Special Rate - Duty-free treatment for imports from Bahrain.
• CA: NAFTA for Canada - Duty-free treatment for imports from Canada under the North American Free Trade Agreement.
• CL: Chile Special Rate - Duty-free treatment for imports from Chile.
• D: Africa Growth and Opportunity Act (AGOA) - Duty-free treatment for imports from eligible African countries.
• E: Caribbean Basin Initiative (CBI) - Duty-free treatment for imports from eligible Caribbean countries.
• IL: Israel Special Rate - Duty-free treatment for imports from Israel.
• J: Andean Trade Preference Act (ATPA) - Duty-free treatment for imports from eligible Andean countries.
• JO: Jordan Special Rate - Duty-free treatment for imports from Jordan.
• MA: Morocco Special Rate - Duty-free treatment for imports from Morocco.
• MX: NAFTA for Mexico - Duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
• OM: Oman Special Rate - Duty-free treatment for imports from Oman.
• P: Dominican Republic-Central American Special Rate (DR-CAFTA) - Duty-free treatment for imports from eligible countries in the Dominican Republic-Central American Free Trade Agreement.
• PE: Peru Special Rate - Duty-free treatment for imports from Peru.
• SG: Singapore Special Rate - Duty-free treatment for imports from Singapore.

These special rates and preferences aim to promote trade and economic cooperation between countries or regions. They provide incentives for importing countries to source rapeseed/colza or mustard oil from specific trading partners.

Importing US states and exporting US states play a crucial role in the trade of HS Code 15149910. The importing US states are responsible for purchasing and receiving the rapeseed/colza or mustard oil, while the exporting US states are the ones producing and shipping the product. The trade between these states contributes to the overall trade balance of the United States.

HS Code 15149910 represents the product description of rapeseed/colza or mustard oil used for the manufacture of rubber substitute or lube oil. It is important to understand the implications of this HS code, including the MFN duty rate, special tariff preference programs, and the role of importing and exporting US states. By analyzing and utilizing this information, businesses and individuals can make informed decisions regarding international trade involving this specific product.