Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 15162090: Vegetable Fats and Oils Not Further Prepared

The HS Code 15162090 refers to vegetable fats and oils that are not further prepared. These products may be partially or wholly hydrogenated, interesterified, reesterified, or elaidinized. They are commonly used in various industries, including food processing, cosmetics, and pharmaceuticals.

When importing or exporting goods classified under this HS code, it is important to be aware of the duty rates and any special tariff preference programs that may apply. The bound or Most Favored Nation (MFN) duty rate for this product is 8.8 cents per kilogram (KG).

Trade barriers and market openings can impact the duty rates for goods. According to the principle of MFN, whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.

The quantity unit for this HS code is kilograms (KG). This means that the duty rate applies to each kilogram of vegetable fats and oils imported or exported.

There are also special tariff preference programs available for this product. Under the following programs, the duty rate may be reduced or eliminated:

• Free Trade Agreement (FTA) with Australia: A duty rate of 3.5 cents per kilogram applies.
• A+ (Least Developed Beneficiary Developing Countries): Eligible for duty-free treatment under the Generalized System of Preferences (GSP) subheading.
• BH (Bahrain Special Rate): Duty-free treatment under a special rate agreement.
• CA (NAFTA for Canada): Duty-free treatment under the North American Free Trade Agreement.
• CL (Chile Special Rate): Duty-free treatment under a special rate agreement.
• D (Africa Growth and Opportunity Act - AGOA): Duty-free treatment under the AGOA program.
• E (Caribbean Basin Initiative - CBI): Duty-free treatment under the CBI program.
• IL (Israel Special Rate): Duty-free treatment under a special rate agreement.
• J (Andean Trade Preference Act - ATPA): Duty-free treatment under the ATPA program.
• JO (Jordan Special Rate): Duty-free treatment under a special rate agreement.
• MA (Morocco Special Rate): Duty-free treatment under a special rate agreement.
• MX (NAFTA for Mexico): Duty-free treatment under the North American Free Trade Agreement.
• OM (Oman Special Rate): Duty-free treatment under a special rate agreement.
• P (Dominican Republic-Central American Special Rate - DR-CAFTA): Duty-free treatment under the DR-CAFTA program.
• PE (Peru Special Rate): Duty-free treatment under a special rate agreement.
• SG (Singapore Special Rate): Duty-free treatment under a special rate agreement.

It is important to note that these special tariff preference programs may have specific eligibility criteria and requirements. Importers and exporters should carefully review the regulations and guidelines to ensure compliance.

When importing vegetable fats and oils under HS Code 15162090 to the United States, it is also necessary to consider the importing and exporting states. Different states may have specific regulations or requirements for this product. It is advisable to consult with local authorities or seek professional advice to ensure smooth and compliant trade operations.

the HS Code 15162090 covers vegetable fats and oils that are not further prepared. Importers and exporters should be familiar with the duty rates, special tariff preference programs, and any specific regulations related to this product. Adhering to these guidelines will contribute to successful and compliant trade transactions.