The HS Code 27109910 refers to wastes of distillate and residual fuel oil (including blends) that are derived from petroleum oil/bituminous minerals and have a testing gravity of 25 degrees A.P.I. or greater. This HS code is used to classify and identify these specific types of oil wastes for trade and customs purposes.
When importing or exporting goods, it is important to understand the HS code that applies to the product. The HS code system is an internationally recognized standard for classifying traded products. It helps to streamline customs procedures and facilitate trade by providing a common language for identifying and categorizing goods.
The HS code 27109910 specifically applies to oil wastes that have a testing gravity of 25 degrees A.P.I. or greater. This means that the oil is relatively light and has a lower density compared to heavier oils. The code also includes blends of distillate and residual fuel oil, which are mixtures of these two types of oils.
When importing goods classified under HS code 27109910 into the United States, the bound / MFN duty rate is 10.5 cents per barrel (BBL). This means that a specific amount of duty is imposed on each barrel of oil waste that is imported. It is important to note that this duty rate may vary depending on any trade agreements or special tariff preference programs that the importing country has with the exporting country.
The quantity unit for HS code 27109910 is barrels (BBL). This is the standard unit of measurement used to quantify the volume of oil wastes being traded. It provides a standardized way to measure and compare the quantities of oil wastes being imported or exported.
Several special tariff preference programs apply to imports classified under HS code 27109910. These programs provide preferential treatment in terms of duty rates or duty-free treatment for certain countries. For example:
It is important to check the specific requirements and eligibility criteria for each special tariff preference program to determine if the import of oil wastes under HS code 27109910 qualifies for any preferential treatment.
HS code 27109910 is primarily imported into the following US states:
These states have a significant demand for oil wastes classified under HS code 27109910, either for industrial or commercial purposes. The importation of these oil wastes contributes to various sectors of the economy, including energy production, manufacturing, and transportation.
On the other hand, the primary exporting US states for HS code 27109910 are:
These states are major producers and exporters of oil wastes classified under HS code 27109910. They have significant oil refining and processing capacities, making them key players in the global oil market. The exportation of these oil wastes contributes to their economies and helps meet the global demand for energy resources.
HS code 27109910 classifies and identifies wastes of distillate and residual fuel oil (including blends) derived from petroleum oil/bituminous minerals with a testing gravity of 25 degrees A.P.I. or greater. This code helps facilitate trade by providing a standardized classification system for these specific types of oil wastes. Importers and exporters need to be aware of the duty rates, quantity units, and special tariff preference programs associated with HS code 27109910 to ensure compliance with customs regulations and take advantage of any available trade benefits.