The HS Code 15159060 refers to jojoba oil and its fractions, whether or not refined, and not chemically modified. This code is used to classify and identify this specific product for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 15159060 covers jojoba oil and its fractions. Jojoba oil is a natural liquid wax extracted from the seeds of the jojoba plant. It is known for its moisturizing and conditioning properties, making it a popular ingredient in skincare and haircare products. The oil is rich in essential fatty acids and vitamins, providing nourishment and hydration to the skin and hair.
The product description specifies that the jojoba oil and its fractions should not be chemically modified. This means that the oil should be in its natural form, without any alterations or additives.
The bound/MFN (Most Favored Nation) duty rate for HS Code 15159060 is 2.3%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The 2.3% duty rate is applied to the import of jojoba oil and its fractions, ensuring a fair and consistent trade environment.
The quantity unit for HS Code 15159060 is kilograms (KG). This means that the weight of the imported or exported jojoba oil and its fractions is measured in kilograms. The quantity unit is an important factor in determining the cost, logistics, and packaging of the product during international trade.
Jojoba oil and its fractions classified under HS Code 15159060 are eligible for various special tariff preference programs. These programs provide tariff benefits and exemptions for specific countries or regions. The following countries or regions have special rates or duty-free treatment for the import of jojoba oil:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products. Importers and exporters of jojoba oil can take advantage of these programs to enhance their competitiveness in these markets.
HS Code 15159060 applies to both importing and exporting jojoba oil and its fractions in the United States. Importing states refer to the states within the US that receive shipments of jojoba oil from other countries. Exporting states, on the other hand, are the states within the US that export jojoba oil to other countries.
The import and export of jojoba oil contribute to the domestic and international trade of the United States, supporting the growth of the industry and providing various economic opportunities.
HS Code 15159060 classifies jojoba oil and its fractions for international trade. This code ensures proper identification and classification of the product, allowing for smooth and regulated trade between countries. Importers and exporters can benefit from the special tariff preference programs available for this HS code, while consumers can enjoy the use of jojoba oil in various skincare and haircare products.