HS Code 27101145: Light Oil Mixtures of Hydrocarbons from Petro Oils & Bitum Min(o/than Crude) or Prep 70%+ wt. fr Petro Oils

The HS Code 27101145 refers to a specific product classification for light oil mixtures of hydrocarbons derived from petroleum oils and bitumen minerals. These mixtures should not be crude oil and should contain at least 70% by weight of hydrocarbons from petroleum oils. Additionally, the product should not consist of more than 50% of any single hydrocarbon.

This HS code is used for international trade purposes to categorize and track imports and exports of this specific product. It helps customs authorities and traders to identify and classify goods accurately, ensuring compliance with regulations and facilitating smooth trade transactions.

Product Description

The product description for HS Code 27101145 provides specific details about the composition and characteristics of the light oil mixture. It states that the mixture is composed of hydrocarbons derived from petroleum oils and bitumen minerals, excluding crude oil. Furthermore, it should contain 70% or more by weight of hydrocarbons from petroleum oils, and no single hydrocarbon should exceed 50% of the mixture.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 27101145 is 10.5 cents per barrel (BBL). This rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of duty rates.

Quantity Unit

The quantity unit for HS Code 27101145 is barrels (BBL). This unit of measurement is commonly used in the oil and petroleum industry to quantify the volume of oil or oil-based products being traded.

Special Tariff Preference Programs

HS Code 27101145 may qualify for special tariff preference programs, which offer specific benefits or exemptions for eligible imports. The following programs are applicable to this HS code:

Free: Only imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
Australia Special Rate
Bahrain Special Rate
NAFTA for Canada: Duty-free treatment under the North American Free Trade Agreement.
Chile Special Rate
Africa Growth and Opportunity Act (AGOA): Duty-free treatment under this act.
Israel Special Rate: Duty-free treatment for imports from Israel.
Andean Trade Promotion and Drug Eradication Act (ATPDEA)
Jordan Special Rate
Morocco Special Rate
NAFTA for Mexico
Oman Special Rate
Dominican Republic-Central American Special Rate (DR-CAFTA)
Peru Special Rate
Caribbean Basin Trade Partnership Act (CBTPA)
Singapore Special Rate

These special tariff preference programs provide opportunities for reduced or duty-free treatment of imports under specific conditions and agreements.

Importing US States

The following US states are known for importing goods classified under HS Code 27101145:

Hawaii
Puerto Rico
Alabama
California
Colorado
Delaware
Hawaii
Illinois
Louisiana
Michigan
Minnesota
Mississippi
Missouri
Montana
New Jersey
North Dakota
Ohio
Oklahoma
Pennsylvania
Texas
Virgin Islands
Washington
Wyoming
Alabama
California
Colorado
Delaware
Hawaii
Illinois
Louisiana
Michigan
Minnesota
Mississippi
Missouri
Montana
New Jersey
North Dakota
Ohio
Oklahoma
Pennsylvania
Texas
Virgin Islands
Washington
Wyoming

These states have a significant demand for this product and are actively involved in its importation.

Exporting US States

The following US states are known for exporting goods classified under HS Code 27101145:

Alabama
Colorado
Louisiana
Maryland
Missouri
Montana
Pennsylvania
Utah
Virginia
West Virginia
Montana
Delaware
Louisiana
Delaware
Louisiana
Delaware
Louisiana
Delaware
Louisiana
Delaware
Louisiana
Delaware
Louisiana
Delaware
Louisiana
Alaska
Indiana
Louisiana
North Dakota
Texas
Alaska
Indiana
Louisiana
North Dakota
Texas

These states are actively involved in exporting goods classified under HS Code 27101145 to various international destinations.