The HS Code 27109990 refers to waste petroleum oils and oils from bitumen that are minimum or preparations not elsewhere specified (NESOI). These products must contain at least 70% by weight of petroleum oils or bitumen minimum. The HS code is used to classify and identify specific goods for international trade purposes.
When importing or exporting goods, it is important to understand the HS code as it determines the applicable duties and regulations. In the case of HS Code 27109990, the bound or most favored nation (MFN) duty rate is 7%. This means that every time 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 HS Code 27109990 is kilograms (KG). This is the standard unit of measurement for the weight of the waste petroleum oils and oils from bitumen being imported or exported.
There are also special tariff preference programs available for HS Code 27109990. These programs provide certain countries or regions with preferential treatment in terms of duty rates. Some of the programs applicable to this HS code include:
When it comes to importing HS Code 27109990 into the United States, the following states are involved:
On the other hand, the exporting states from the United States for HS Code 27109990 are:
Understanding the HS code and its associated data is crucial for international trade. It helps in determining the applicable duties, tariff preference programs, and the states involved in importation and exportation. HS Code 27109990 specifically refers to waste petroleum oils and oils from bitumen, ensuring accurate classification and regulation of these goods.