HS Code 1512.11.00

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HS Code 1512.11.00 classifies crude oil, which encompasses unrefined petroleum extracted directly from the ground. This category includes various types of crude oil, typically used in industries such as energy production, petrochemicals, and manufacturing, where it serves as a primary feedstock for refining into fuels, lubricants, and other chemical products. Importers should be aware that the general duty rate for crude oil can vary, depending on trade agreements and market conditions, impacting the overall cost of procurement. Understanding these duty implications is crucial for financial planning and compliance, as they can significantly affect profit margins. Properly classifying crude oil under this HS code ensures adherence to U.S. customs regulations and helps importers make informed decisions in a

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