HS Code 1515.21.00.00

🤖 AI Analysis

The HS Code 1515.21.00.00 classifies crude oil, which includes unrefined petroleum extracted from the earth. This classification encompasses various grades of crude oil, which are primarily used in the energy sector for refining into gasoline, diesel, and other petrochemical products. Industries such as transportation, manufacturing, and energy generation heavily rely on crude oil as a fundamental resource. Importers should be aware that this product is subject to a general duty rate of 3.4000%, which means that upon importing crude oil into the United States, businesses will incur this tariff cost based on the import value. Understanding the implications of this duty rate is essential for accurate pricing and cost management in the supply chain.

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