HS Code 27109905 refers to the classification of wastes of distillate and residual fuel oil derived from petroleum oil or bituminous minerals. These wastes are tested to have an American Petroleum Institute (API) gravity of under 25 degrees. The code is used for international trade purposes to classify and track the import and export of these specific products.
This article will provide a comprehensive overview of HS Code 27109905, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this code.
The product description for HS Code 27109905 is "Wastes of distillate and residual fuel oil (including blends) derived from petroleum oil/bituminous minerals, testing under 25 degree A.P.I." This means that the code is applicable to any waste or byproduct resulting from the distillation or refining of petroleum oil or bituminous minerals, specifically those with an API gravity of under 25 degrees.
The bound / most-favored-nation (MFN) duty rate for HS Code 27109905 is 5.25 cents per barrel (bbl). The MFN duty rate is applied every time a country lowers a trade barrier or opens up a market, ensuring that the same goods or services receive equal treatment from all trading partners.
The quantity unit for HS Code 27109905 is barrels (bbl). Barrels are commonly used to measure the volume of liquid petroleum products, including fuel oils. This unit allows for easy tracking and calculation of the quantity being imported or exported.
HS Code 27109905 is eligible for various special tariff preference programs, providing certain countries with preferential treatment or duty-free access. The following programs apply:
These special tariff preference programs aim to promote trade, economic growth, and development between participating countries.
HS Code 27109905 is imported by the following US states:
These states are actively involved in the importation of HS Code 27109905 products, potentially for various industrial or commercial purposes.
HS Code 27109905 is exported by the following US states:
These states are actively involved in the exportation of HS Code 27109905 products, potentially supplying other countries with these specific oil-derived wastes.
HS Code 27109905 categorizes wastes of distillate and residual fuel oil derived from petroleum oil or bituminous minerals with an API gravity of under 25 degrees. This code is used for international trade purposes and is subject to specific duty rates and tariff preference programs. It is important for importers, exporters, and traders to be familiar with this code and its associated regulations to ensure compliance and facilitate efficient trade operations.