HS Code 1508
Official Classification
Peanut (ground-nut) oil and its fractions, whether or not refined, but not chemically modified:
🤖 AI Analysis
HS Code 1508 covers peanut oil and its fractions, which include both refined and unrefined oils derived from groundnuts. This classification encompasses products such as cooking oils, salad dressings, and industrial oils used in food manufacturing. Peanut oil is commonly utilized in the food industry for frying and sautéing due to its high smoke point and mild flavor. In addition, it finds applications in cosmetics and pharmaceuticals. Importers should be aware that the general duty rate for products under this classification varies, which can affect overall import costs. It is crucial for businesses to stay informed about the specific duty rates applicable to their shipments, as these can influence pricing strategies and overall profitability in the competitive market.
Frequently Asked Questions
How much is the duty for HS Code 1508?
The standard general duty rate for importing goods under HS Code 1508 into the US is 0% based on the current Harmonized Tariff Schedule.
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