The HS Code 27141000 refers to the classification of products known as Bituminous or Oil Shale and Tar Sands. This code is used internationally to identify and categorize these specific commodities for trade and customs purposes. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 27141000.
The product covered by HS Code 27141000 includes Bituminous or Oil Shale and Tar Sands. Bituminous shale is a sedimentary rock that contains significant amounts of organic matter, primarily hydrocarbons. Tar sands, on the other hand, are sedimentary rocks or sands saturated with a dense and extremely viscous form of petroleum known as bitumen.
Both bituminous shale and tar sands are valuable sources of hydrocarbons and have applications in various industries. They can be processed to extract oil and gas, which can then be refined into valuable products such as gasoline, diesel, and other petroleum-based fuels.
The bound or Most Favored Nation (MFN) duty rate for HS Code 27141000 is free. 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-free status encourages trade and ensures fair treatment for all trading partners. It eliminates discriminatory practices and promotes a level playing field in international commerce.
The quantity unit for HS Code 27141000 is metric tons (T). This measurement allows for standardized calculations and trade transactions. It ensures that the quantity of bituminous or oil shale and tar sands being traded is accurately measured and accounted for.
There are no specific special tariff preference programs mentioned for HS Code 27141000. However, it is essential to note that tariff preference programs can vary between countries and regions. These programs are designed to provide certain advantages or benefits to specific products or trading partners, such as reduced or zero tariffs.
It is advisable for importers and exporters to consult the relevant customs authorities and trade agreements to determine if any special tariff preference programs apply to their specific trade transactions involving bituminous or oil shale and tar sands.
When it comes to importing bituminous or oil shale and tar sands into the United States, the following states are involved:
On the other hand, the following US states are involved in exporting bituminous or oil shale and tar sands:
These states play a significant role in the import and export of bituminous or oil shale and tar sands within the United States.
HS Code 27141000 encompasses Bituminous or Oil Shale and Tar Sands. It is essential for traders and businesses involved in the import and export of these commodities to understand the product description, duty rates, quantity unit, and any special tariff preference programs that may apply. By complying with the relevant regulations and taking advantage of trade opportunities, businesses can effectively navigate the global market for bituminous or oil shale and tar sands.