HS Code 1507
Official Classification
Soybean oil and its fractions, whether or not refined, but not chemically modified:
🤖 AI Analysis
HS Code 1507 encompasses soybean oil and its fractions, whether refined or unrefined, but not chemically altered. This classification includes a variety of soybean oil products commonly used in food preparation, cooking, and frying, as well as in the production of margarine, salad dressings, and baked goods. Additionally, soybean oil is utilized in the manufacturing of biodiesel and various industrial applications, such as lubricants and cosmetics. Importers should be aware that the general duty rate for products under this code varies, which can impact overall costs and pricing strategies. Understanding the duty implications is crucial for budgeting and pricing decisions in competitive markets.
Frequently Asked Questions
How much is the duty for HS Code 1507?
The standard general duty rate for importing goods under HS Code 1507 into the US is 0% based on the current Harmonized Tariff Schedule.
Need Help?
Our import experts can help you classify products and optimize your duty payments.
Contact Expert🚢 Shipping soybean oil and its ...?
Container rates fluctuate weekly. Compare SeaRates quotes instantly against DHL, FedEx, and Maersk to save up to 35%.
- ✓ FCL & LCL
- ✓ Air Cargo
- ✓ Door-to-Door