The HS Code 27101190 refers to light oils and preparations derived from petroleum oils and bituminous minerals. This code encompasses products that contain at least 70% by weight of petroleum oils or bituminous minerals and are not otherwise classified under a specific heading. These products are commonly used in various industries and have specific trade regulations and duty rates associated with them.
The product description for HS Code 27101190 includes light oils and preparations derived from petroleum oils and bituminous minerals. These products can be in liquid or semi-solid form and are primarily used for fuel or as raw materials in the manufacturing of various products. The specific composition and properties of these oils and preparations may vary depending on their intended use.
The bound / MFN (Most Favored Nation) duty rate for HS Code 27101190 is 7%. 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 7% duty rate applies to imports of light oils and preparations from petroleum oils and bituminous minerals regardless of the country of origin.
The quantity unit for HS Code 27101190 is kilograms (KG). This unit is used to measure the weight of the imported or exported light oils and preparations. It is important to accurately measure the quantity of these products for trade and customs purposes.
There are several special tariff preference programs applicable to imports of HS Code 27101190. These programs provide certain countries or regions with preferential treatment, including duty-free or reduced duty rates. Some of the special tariff preference programs for this HS code include:
These special tariff preference programs aim to promote trade and economic development between the participating countries or regions. Importers or exporters should be aware of the specific requirements and eligibility criteria for each program to benefit from the preferential treatment.
The following US states import light oils and preparations from petroleum oils and bituminous minerals under HS Code 27101190:
These states are the primary destinations for imports of light oils and preparations under this HS code. Importers in these states should ensure compliance with customs regulations and any applicable special tariff preference programs to optimize their trade activities.
The following US states export light oils and preparations from petroleum oils and bituminous minerals under HS Code 27101190:
These states are the primary sources of exports of light oils and preparations under this HS code. Exporters in these states should be aware of the specific regulations and requirements for exporting these products and ensure compliance with customs procedures.