HS Code 27111200: Propane, liquefied
Propane, liquefied, falls under the HS Code 27111200, which is used to categorize specific types of goods for international trade. This code is essential for customs agencies and traders to accurately classify and track the movement of products across borders. In this article, we will explore the product description, duty rates, quantity units, and special tariff preference programs associated with HS Code 27111200.
Product Description
Propane, liquefied, is a flammable hydrocarbon gas commonly used as fuel for heating, cooking, and transportation purposes. It is colorless, odorless, and compressed for easy storage and transportation. Propane is widely utilized in residential, commercial, and industrial settings due to its energy efficiency and versatility.
Bound / MFN Duty Rate
Currently, the bound / MFN (Most Favored Nation) duty rate for propane, liquefied, under HS Code 27111200 is free. This means that countries do not impose any import duties on this product. Free trade is an essential principle of international commerce, promoting economic growth and fostering cooperation between nations. When a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all participating countries.
Quantity Unit
The quantity unit for propane, liquefied, is measured in barrels (BBL). A barrel is a unit of volume equal to 42 US gallons or approximately 159 liters. This standardized unit allows for consistent measurement and facilitates accurate trade transactions.
Special Tariff Preference Programs
Certain regions or countries may have special tariff preference programs in place for the importation of propane, liquefied, under HS Code 27111200. These programs aim to promote trade and economic cooperation between specific trading partners. In the case of importing into the United States, the following states enjoy special preference for this product:
- Puerto Rico
- Hawaii
- Idaho
- Maine
- Montana
- North Dakota
- Puerto Rico
- South Dakota
- Vermont
- Washington
- Wisconsin
On the other hand, the following US states are known for exporting propane, liquefied:
- Louisiana
- Maryland
- Pennsylvania
- Texas
- Washington
- Wyoming
These special tariff preference programs can provide advantages such as reduced import duties or streamlined customs procedures, benefiting both importers and exporters involved in the trade of propane, liquefied.
HS Code 27111200 is the classification for propane, liquefied, in international trade. Understanding this code is crucial for accurate customs procedures, trade statistics, and tariff calculations. Propane, liquefied, is a widely used fuel with various applications, and its trade is facilitated by the absence of import duties under the current bound / MFN duty rate. Additionally, special tariff preference programs exist for certain regions or countries, providing further incentives for the importation and exportation of this vital energy resource.
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