The HS Code 27101922 refers to a specific type of product known as kerosene motor fuel blending stock. This product is not intended for use in jet engines and is derived from petroleum oils and bituminous minerals, excluding crude oil. It must contain at least 70% of its weight from petroleum oils.
When importing or exporting this product, it is important to be aware of the regulations and duty rates associated with it. The bound or most-favored-nation (MFN) duty rate for HS Code 27101922 is 52.5 cents per barrel (BBL). This duty rate applies every time a country reduces a trade barrier or opens its market, ensuring equal treatment for all trading partners.
The quantity unit for HS Code 27101922 is barrels (BBL), which is the standard unit of measurement for petroleum products.
There are also special tariff preference programs that apply to this product. Under these programs, certain countries are eligible for duty-free treatment when importing HS Code 27101922. Some of these countries include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and various countries under specific trade acts such as the Africa Growth and Opportunity Act (AGOA), Andean Trade Promotion and Drug Eradication Act (ATPDEA), Dominican Republic-Central American Special Rate (DR-CAFTA), and Caribbean Basin Trade Partnership Act (CBTPA).
When it comes to importing this product into the United States, there are several states that are major importers. These states include Alaska, California, Connecticut, Delaware, Florida, Hawaii, Idaho, Louisiana, Maine, Massachusetts, Mississippi, Montana, New Hampshire, New Jersey, New York, North Dakota, Puerto Rico, Texas, Vermont, Virgin Islands, Washington, and Wyoming.
On the other hand, the United States also exports HS Code 27101922 to various states and territories. These include Alabama, Alaska, California, Connecticut, Delaware, Hawaii, Louisiana, Mississippi, New Jersey, New York, Oklahoma, Pennsylvania, Puerto Rico, Texas, Virgin Islands, Washington, and West Virginia.
It is important for importers, exporters, and traders to be familiar with the HS Code 27101922 and its associated regulations. This knowledge ensures compliance with customs and trade laws, as well as understanding the duty rates and special tariff preference programs that may apply.