HS Code 23065000 refers to oilcake and other solid residues that are obtained from the extraction of vegetable fats or oils, specifically from coconut or copra. This article will provide an in-depth understanding of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the states involved in importing and exporting.
The product covered by HS Code 23065000 is the solid residue that remains after the extraction of vegetable fats or oils from coconut or copra. This residue, also known as oilcake, is commonly used as a feed for livestock or as an ingredient in various industrial applications.
The bound or Most-Favored Nation (MFN) duty rate for HS Code 23065000 is 0.45 cents per kilogram (KG). This duty rate is applicable whenever a country lowers a trade barrier or opens up a market. It is important to note that any trade barrier reduction or market opening must be applied to the same goods or services from all trading partners of the country.
The quantity unit used for HS Code 23065000 is kilograms (KG). This unit of measurement is widely used in international trade to determine the weight of the imported or exported goods.
There are several special tariff preference programs applicable to HS Code 23065000. These programs offer preferential treatment in terms of duty rates for specific countries. The programs and countries included are as follows:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved by providing reduced or duty-free rates for HS Code 23065000.
HS Code 23065000 is imported by the following US states:
These states are involved in importing oilcake and other solid residues under HS Code 23065000. Importers in these states may benefit from the special tariff preference programs mentioned earlier, depending on the specific trade agreements between the US and the exporting countries.
The exporting states within the US for HS Code 23065000 are not specified in the available data. However, it is important to note that the US is a major exporter of various agricultural and industrial products, including coconut and copra-based residues. Therefore, it is likely that other states within the US also participate in the export of oilcake and solid residues.
HS Code 23065000 covers oilcake and other solid residues obtained from the extraction of vegetable fats or oils from coconut or copra. It is subject to a bound duty rate of 0.45 cents per kilogram and various special tariff preference programs. Importing states in the US include Idaho, Nebraska, New Mexico, and Vermont. These states may benefit from preferential duty rates under the applicable tariff preference programs.