HS Code 1205.10.00.20
Official Classification
For use as oil stock
🤖 AI Analysis
HS Code 1205.10.00.20 refers to specific seeds and oils that are primarily intended for use as oil stock. This classification typically includes various oilseeds, such as certain types of soybeans, sunflower seeds, or other similar products that are processed to extract oil. Industries such as food production, cosmetics, and biofuels frequently utilize these raw materials for oil extraction, which is essential for manufacturing cooking oils, personal care products, and renewable energy sources. The general duty rate for these products varies, which means importers should closely monitor specific tariff rates that apply to their shipments, as these can significantly impact overall import costs and pricing strategies. Understanding this classification is crucial for effective budgeting and compliance in international trade.
Frequently Asked Questions
How much is the duty for HS Code 1205.10.00.20?
The standard general duty rate for importing goods under HS Code 1205.10.00.20 into the US is 0% based on the current Harmonized Tariff Schedule.
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