Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 34031910: Lubricating Preparations Containing 50% but Less Than 70% by Weight of Petroleum Oils or of Oils Obtained from Bituminous Minerals

Lubricating preparations play a crucial role in various industries by reducing friction and wear between moving parts. They are essential for maintaining the smooth operation of machinery and equipment. One specific category of lubricating preparations is those containing 50% but less than 70% by weight of petroleum oils or oils obtained from bituminous minerals, classified under HS Code 34031910.

The HS Code, also known as the Harmonized System Code, is an internationally recognized system for classifying traded products. It helps facilitate global trade by providing a standardized code for identifying and categorizing goods. In the case of lubricating preparations, HS Code 34031910 specifically identifies products with the composition mentioned above.

Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for lubricating preparations under HS Code 34031910 is 0.2%. 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 0.2% duty rate applies to imports of lubricating preparations falling under this HS Code.

Quantity Unit: The quantity unit for lubricating preparations under HS Code 34031910 is liters (L). This unit of measurement is used to quantify the volume of imported or exported lubricating preparations. It provides a standardized metric for tracking the quantity of goods traded.

Special Tariff Preference Programs: Lubricating preparations under HS Code 34031910 may be eligible for special tariff preference programs, offering reduced or duty-free treatment for imports. The following programs provide special rates for specific countries:

• A+: Only imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
• AU: Australia Special Rate.
• BH: Bahrain Special Rate.
• CA: NAFTA for Canada (duty-free treatment).
• CL: Chile Special Rate.
• D: Africa Growth and Opportunity Act (AGOA) (duty-free treatment).
• E: Caribbean Basin Initiative (CBI).
• IL: Israel Special Rate (duty-free treatment).
• J: Andean Trade Preference Act (ATPA).
• JO: Jordan Special Rate.
• MA: Morocco Special Rate.
• MX: NAFTA for Mexico.
• OM: Oman Special Rate.
• P: Dominican Republic-Central American Special Rate (DR-CAFTA).
• PE: Peru Special Rate.
• SG: Singapore Special Rate.

Importing US States: The lubricating preparations under HS Code 34031910 are imported by various US states. Based on the provided data, the following US states are involved in the import of these products:

• West Virginia (4 times)
• Ohio (2 times)

It is important for businesses and individuals involved in the import and export of lubricating preparations under HS Code 34031910 to be aware of the specific regulations, duty rates, and special tariff preference programs applicable to these products. Compliance with customs requirements and utilization of available trade benefits can contribute to a smoother and more cost-effective international trade experience.