HS Code 1206.00.00.20
Official Classification
For use as oil stock
🤖 AI Analysis
HS Code 1206.00.00.20 refers to certain oilseeds and oil seed residues specifically designated for use as oil stock. This classification typically includes seeds like sunflower, safflower, and various other oilseeds that are processed for their oil content. Industries such as food production, biofuels, and cosmetics commonly utilize these products for their oil, which serves as a base ingredient in a wide range of applications. The general duty rate for imports under this HS code varies, which means that importers should closely monitor tariff updates and calculate potential costs accordingly. Understanding these classifications and duty implications is essential for businesses to manage their supply chain and pricing strategies effectively.
Frequently Asked Questions
How much is the duty for HS Code 1206.00.00.20?
The standard general duty rate for importing goods under HS Code 1206.00.00.20 into the US is 0% based on the current Harmonized Tariff Schedule.
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