The HS Code 15041020 refers to cod-liver oil and its fractions. In this article, we will delve into the details of this product, including its description, quantity unit, and special tariff preference programs. We will also explore the importing and exporting states in the United States.
Cod-liver oil is a type of fish oil that is derived from the livers of codfish. It is a rich source of omega-3 fatty acids, vitamins A and D, and other beneficial nutrients. The oil is extracted through a process that involves steaming the livers and then separating the oil from the other components. Cod-liver oil and its fractions are commonly used in dietary supplements, pharmaceuticals, and cosmetic products.
The bound or most-favored-nation (MFN) duty rate for HS Code 15041020 is free. This means that there are no import duties imposed on this product when it enters a country that has adopted this HS code. The concept of MFN duty rate ensures that when 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 quantity unit for cod-liver oil and its fractions is kilograms (KG). This unit of measurement is used to determine the weight of the product during import and export transactions. It helps in accurately calculating the quantity of cod-liver oil being traded between countries.
HS Code 15041020 is eligible for various special tariff preference programs that provide certain countries with preferential treatment in terms of duty rates. These programs aim to promote economic development and trade cooperation. The countries and programs applicable to this HS code are as follows:
These special tariff preference programs allow for the import of cod-liver oil and its fractions from the specified countries at duty-free rates or special rates, promoting trade and economic partnerships.
When it comes to the United States, there are certain states that are major importers and exporters of cod-liver oil and its fractions. The importing US states include but are not limited to:
These states have a significant demand for cod-liver oil and its fractions, either for domestic consumption or for further processing and re-export.
On the other hand, the exporting US states are:
These states produce and export cod-liver oil and its fractions to meet the global demand. They play a crucial role in the international trade of this product.
HS Code 15041020 encompasses cod-liver oil and its fractions. This article has provided an extensive overview of the product, including its description, quantity unit, special tariff preference programs, and the importing and exporting US states. Understanding the details of this HS code is essential for businesses involved in the import and export of cod-liver oil and its derivatives.