HS Code 1507.10.00.00
Official Classification
Crude oil, whether or not degummed
🤖 AI Analysis
HS Code 1507.10.00.00 pertains to crude oil, which includes any unrefined petroleum product, regardless of whether it has been degummed (a process to remove impurities). This classification primarily encompasses crude oil extracted from the ground and is a critical raw material for various industries, including energy production, petrochemicals, and transportation fuels. As a US importer, understanding that this product is subject to a general duty rate of 19.1000% is essential for cost calculations and pricing strategies. This relatively high duty rate underscores the importance of efficient supply chain management and compliance with customs regulations to mitigate potential costs associated with importing crude oil.
Frequently Asked Questions
How much is the duty for HS Code 1507.10.00.00?
The standard general duty rate for importing goods under HS Code 1507.10.00.00 into the US is 19.1000% based on the current Harmonized Tariff Schedule.
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