HS Code 27101921: Kerosene Motor Fuel
Kerosene motor fuel, classified under HS Code 27101921, refers to a type of fuel that is primarily used for engines, especially in the aviation industry. It is derived from petroleum oils and bituminous minerals, excluding crude oil, or preparations containing more than 70% of petroleum oils by weight.
HS Code 27101921 is essential in international trade as it allows for the proper identification and classification of kerosene motor fuel for import and export purposes. Understanding this code is crucial for both traders and authorities to ensure compliance with customs regulations and trade agreements.
Bound / MFN Duty Rate
The bound / MFN (Most Favored Nation) duty rate for HS Code 27101921 is 52.5 cents per barrel (BBL). A duty rate is a tariff or tax imposed on imported goods by a country's customs authority. In this case, the duty rate applies to each barrel of kerosene motor fuel imported.
It's important to note that the MFN principle requires countries to treat all their trading partners equally. Whenever 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. This principle promotes fairness and non-discrimination in international trade.
Quantity Unit
The quantity unit for HS Code 27101921 is barrels (BBL). Barrels are commonly used to measure and trade petroleum products, including kerosene motor fuel. It provides a standardized unit of measurement for accurate reporting and tracking of imports and exports.
Special Tariff Preference Programs
HS Code 27101921 is eligible for several special tariff preference programs, which offer reduced or duty-free treatment for imports. These programs aim to promote economic growth, development, and trade cooperation between countries. Here are some notable programs:
- Free: Imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
- Australia Special Rate: Australia offers a special rate for imports of kerosene motor fuel.
- Bahrain Special Rate: Bahrain provides a special rate for imports of kerosene motor fuel.
- NAFTA for Canada: Canada enjoys duty-free treatment under the North American Free Trade Agreement (NAFTA) for imports of kerosene motor fuel.
- Chile Special Rate: Chile offers a special rate for imports of kerosene motor fuel.
- Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries receive duty-free treatment under AGOA.
- Israel Special Rate: Israel provides duty-free treatment for imports of kerosene motor fuel.
- Andean Trade Promotion and Drug Eradication Act (ATPDEA): ATPDEA grants duty-free treatment for imports of kerosene motor fuel from beneficiary countries.
- Jordan Special Rate: Jordan offers a special rate for imports of kerosene motor fuel.
- Morocco Special Rate: Morocco provides a special rate for imports of kerosene motor fuel.
- NAFTA for Mexico: Mexico enjoys duty-free treatment under NAFTA for imports of kerosene motor fuel.
- Oman Special Rate: Oman offers a special rate for imports of kerosene motor fuel.
- Dominican Republic-Central American Special Rate (DR-CAFTA): DR-CAFTA grants duty-free treatment for imports of kerosene motor fuel from participating countries.
- Peru Special Rate: Peru provides a special rate for imports of kerosene motor fuel.
- Caribbean Basin Trade Partnership Act (CBTPA): Imports from eligible Caribbean countries receive duty-free treatment under CBTPA.
- Singapore Special Rate: Singapore offers a special rate for imports of kerosene motor fuel.
Importing US States
HS Code 27101921 is imported into the following US states:
- Alaska
- California
- Connecticut
- Delaware
- Florida
- Hawaii
- Idaho
- Louisiana
- Maine
- Massachusetts
- Mississippi
- Montana
- New Hampshire
- New Jersey
- New York
- North Dakota
- Puerto Rico
- Texas
- Vermont
- Virgin Islands
- Washington
- Wyoming
Exporting US States
HS Code 27101921 is exported from the following US states:
- Alabama
- Alaska
- California
- Connecticut
- Delaware
- Hawaii
- Louisiana
- Mississippi
- New Jersey
- New York
- Oklahoma
- Pennsylvania
- Puerto Rico
- Texas
- Virgin Islands
- Washington
- West Virginia
Understanding HS Code 27101921 and its related information is crucial for traders, importers, exporters, and customs authorities involved in the international trade of kerosene motor fuel. Compliance with customs regulations, duty rates, and special tariff programs ensures smooth trade operations and fosters economic growth.
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