HS Code 1502
Official Classification
Fats of bovine animals, sheep or goats, other than those of heading 1503:
🤖 AI Analysis
HS Code 1502 covers fats derived from bovine animals, sheep, or goats, excluding those classified under heading 1503, which pertains to specific types of animal fats. This classification typically includes tallow and other rendered fats used in industries such as food processing, cosmetics, and pharmaceuticals. For example, tallow is commonly utilized in the production of soaps, candles, and various food products. The general duty rate for imports under this code varies, which means importers should closely monitor the specific tariff rates applicable to their shipments, as these can impact overall costs and pricing strategies. Understanding these classifications and their implications is essential for compliance and effective financial planning in international trade.
Frequently Asked Questions
How much is the duty for HS Code 1502?
The standard general duty rate for importing goods under HS Code 1502 into the US is 0% based on the current Harmonized Tariff Schedule.
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