HS Code 1515.11.00.00
Official Classification
Crude oil
🤖 AI Analysis
HS Code 1515.11.00.00 classifies crude oil, which refers to unrefined petroleum extracted from the earth. This classification encompasses various types of crude oil, including light, medium, and heavy grades, primarily used in the energy sector for refining into gasoline, diesel, and other petroleum products. Industries such as transportation, manufacturing, and energy production heavily rely on crude oil as a key raw material. The general duty rate for crude oil can vary depending on trade agreements and specific country regulations, which may affect overall import costs for businesses. Importers should stay informed about potential duty changes to optimize their supply chain and pricing strategies, ensuring compliance with U.S. customs regulations while managing expenses effectively.
Frequently Asked Questions
How much is the duty for HS Code 1515.11.00.00?
The standard general duty rate for importing goods under HS Code 1515.11.00.00 into the US is 0% based on the current Harmonized Tariff Schedule.
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