The HS Code 27101125 refers to a specific category of products known as Naphthas. Naphthas are derived from petroleum oils and bituminous minerals, excluding crude oil. These products are commonly used in various industries and applications, but they are not intended for use as motor fuel or fuel blends.
One important aspect to consider when dealing with HS Code 27101125 is the bound or most favored nation (MFN) duty rate. The current duty rate for this HS code is 10.5 cents per barrel (BBL). It is important to note that 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.
The quantity unit for HS Code 27101125 is barrels (BBL). This unit of measurement is commonly used in the oil and petroleum industry to quantify the volume of products being imported or exported.
In terms of special tariff preference programs, HS Code 27101125 is eligible for various benefits depending on the importing country. Some of these programs include:
When it comes to the United States, specific states are involved in the import and export of HS Code 27101125. Some of the importing states include Hawaii, Puerto Rico, Alabama, California, Colorado, Delaware, Illinois, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, New Jersey, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Virgin Islands, Washington, and Wyoming. On the other hand, exporting states include Alabama, Colorado, Louisiana, Maryland, Missouri, Montana, Pennsylvania, Utah, Virginia, and West Virginia, among others.
HS Code 27101125 plays a crucial role in international trade, particularly in the oil and petroleum industry. Understanding the details and dynamics of this HS code is essential for importers, exporters, and other stakeholders involved in the global supply chain.