Waste lubricating greases are a type of waste generated from petroleum oil or bituminous mineral sources. These greases contain at least 70% by weight of petroleum oils but no more than 10% by weight of fatty acid salts of animal or vegetable origin. They are commonly used in various industries for lubrication purposes.
The HS code 27109932 specifically refers to waste lubricating greases that meet the aforementioned composition criteria. These greases are typically discarded after use and need to be properly managed to prevent environmental contamination.
The bound / Most Favored Nation (MFN) duty rate for HS code 27109932 is 5.8%. This means that every time 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 duty rate ensures fair trade practices and equal treatment for all parties involved.
The quantity unit for HS code 27109932 is kilograms (KG). This unit of measurement is used to quantify the weight of waste lubricating greases being imported or exported.
Under certain tariff preference programs, the importation of waste lubricating greases under HS code 27109932 may qualify for special tariff rates or duty-free treatment. The following special tariff preference programs apply:
The following US states are known for importing waste lubricating greases under HS code 27109932:
The following US states are known for exporting waste lubricating greases under HS code 27109932:
HS code 27109932 represents waste lubricating greases that are derived from petroleum oil or bituminous mineral sources. These greases have specific composition criteria and may qualify for special tariff rates under certain preference programs. The importation and exportation of these greases are carried out by various US states, ensuring the proper management and disposal of waste lubricating greases.