The HS code 27109916 refers to waste motor fuel or motor fuel blending stock from petroleum oils and bituminous minerals (other than crude) or preparations that contain 70% or more by weight from petroleum oils. This code is used to classify and identify this specific type of product for international trade purposes.
When importing or exporting this product, it is important to understand the relevant information associated with the HS code 27109916. This article provides an extensive overview of the product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states for this particular HS code.
The product description for the HS code 27109916 is waste motor fuel or motor fuel blending stock from petroleum oils and bituminous minerals (other than crude) or preparations. It is important to note that this product must contain 70% or more by weight from petroleum oils.
This product is classified as a waste material or a blending stock that is used in the production of motor fuels. It is derived from petroleum oils and bituminous minerals, excluding crude oil. The purpose of this classification is to ensure accurate categorization and identification for international trade purposes.
The duty rate for the HS code 27109916 is 52.5 cents per barrel (BBL). This duty rate is applicable every time a country lowers a trade barrier or opens up a market. It is important to note that any changes in trade barriers or market access must apply to the same goods or services from all trading partners.
The duty rate plays a crucial role in determining the cost implications of importing or exporting this product. Importers and exporters should consider the duty rates when calculating the overall cost of trade and assessing the profitability of the transactions.
The quantity unit for the HS code 27109916 is barrels (BBL). This unit of measurement is commonly used in the petroleum industry to quantify the volume of oil and petroleum-related products. It provides a standardized measurement for trade and ensures consistency in international transactions.
When importing or exporting this product, the quantity unit of barrels helps facilitate accurate measurement and provides a common language for all parties involved in the trade.
The HS code 27109916 is eligible for various special tariff preference programs. These programs offer specific benefits and preferential treatment for imports or exports of this product. The following are the special tariff preference programs associated with the HS code 27109916:
These special tariff preference programs aim to promote trade, economic development, and cooperation between countries. Importers and exporters should be aware of these programs to take advantage of the benefits they offer and ensure compliance with any specific requirements.
The following US states are known to import the product associated with the HS code 27109916:
These states have a demand for the product associated with the HS code 27109916 and engage in its importation. Importers should consider these states as potential markets for this specific product.
The following US states are known to export the product associated with the HS code 27109916:
These states are known to produce and export the product associated with the HS code 27109916. Exporters should consider these states as potential sources for this specific product.
the HS code 27109916 is used to classify and identify waste motor fuel or motor fuel blending stock from petroleum oils and bituminous minerals (other than crude) or preparations. Importers and exporters should be familiar with the product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states associated with this HS code. This knowledge will facilitate successful international trade transactions and ensure compliance with applicable regulations.