What is the import duty for HS Code 1514.11.00.00?

The general duty rate for HS Code 1514.11.00.00 is 6.4000%. Special rates may apply for countries with Free Trade Agreements.

← 1514 1514.19.00.00 →

HARMONIZED SYSTEM CODE

HS Code 1514.11.00.00

6.4000%

General Duty Rate

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Official Classification

Crude oil

🤖 AI Analysis

The HS Code 1514.11.00.00 classifies crude oil, which includes unrefined petroleum extracted directly from the ground. This classification specifically covers crude oil that has not undergone any processing and is primarily used as a raw material in the petroleum industry. Typical use cases involve refining into gasoline, diesel, jet fuel, and other petrochemicals essential for various sectors, including transportation, manufacturing, and energy production. Importers need to be aware of the general duty rate of 6.4000%, which applies to crude oil imports. This duty will impact the overall cost of imported crude and should be factored into pricing strategies and financial planning for businesses engaged in the oil and gas industry. Understanding these classifications and associated costs is crucial

💰 Special / FTA Rate

0.0000%

Available for eligible countries

Unit of Measurement

Frequently Asked Questions

How much is the duty for HS Code 1514.11.00.00?

The standard general duty rate for importing goods under HS Code 1514.11.00.00 into the US is 6.4000% based on the current Harmonized Tariff Schedule.

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