Denatured rapeseed or colza (not low erucic acid) or mustard oil, other than crude, and their fractions, whether or not refined, nesoi, falls under HS Code 15149950. This HS code is used to classify this specific product for international trade purposes. In this article, we will explore the details of this HS code and provide more information about the product it represents.
The product description for HS Code 15149950 is denatured rapeseed or colza (not low erucic acid) or mustard oil, other than crude, and their fractions, whether or not refined, nesoi. This means that the oil derived from rapeseed or colza, which is not low in erucic acid, or mustard oil, undergoes a denaturation process. The oil can be further processed or refined, as long as it remains within the specified classification.
The bound / MFN (Most Favored Nation) duty rate for HS Code 15149950 is 1.3 cents/kg. This duty rate applies every time a country lowers a trade barrier or opens up a market. It is important to note that any changes in trade barriers or market openings must be applied equally to all trading partners for the same goods or services.
The quantity unit for HS Code 15149950 is kilograms (KG). This means that the product is measured and traded in kilograms. It is essential to accurately determine the weight of the product when importing or exporting it.
HS Code 15149950 is eligible for various special tariff preference programs that offer specific benefits to importers. These programs include:
These special tariff preference programs aim to promote trade and provide economic benefits to participating countries. Importers can take advantage of duty-free treatment or enjoy reduced tariffs when trading under these programs.
HS Code 15149950 can be imported into and exported from various US states. The specific importing and exporting states may vary depending on demand and trade relationships. Some of the commonly involved US states in the import and export of this product are:
It is important for businesses involved in the trade of denatured rapeseed or colza (not low erucic acid) or mustard oil to consider the regulations and requirements of the importing and exporting US states.
HS Code 15149950 represents denatured rapeseed or colza (not low erucic acid) or mustard oil, other than crude, and their fractions, whether or not refined, nesoi. This HS code is essential for classifying and facilitating international trade for this specific product. Importers and exporters should be aware of the bound / MFN duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states related to this HS code when engaging in trade activities.