What is the import duty for HS Code 1516.20.10.00?

The general duty rate for HS Code 1516.20.10.00 is 7.7000%. Special rates may apply for countries with Free Trade Agreements.

← 1516.20 1516.20.91.00 →

HARMONIZED SYSTEM CODE

HS Code 1516.20.10.00

7.7000%

General Duty Rate

💸

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Official Classification

Rapeseed oil

🤖 AI Analysis

HS Code 1516.20.10.00 classifies rapeseed oil, which is derived from the seeds of the rapeseed plant, including varieties such as canola. This classification encompasses both refined and unrefined rapeseed oil, commonly used in food production, cooking, and as an ingredient in various processed foods due to its favorable fatty acid profile. Additionally, rapeseed oil is utilized in industrial applications, including biofuels and lubricants. Importers should be aware that this classification incurs a general duty rate of 7.7000%, which impacts the overall cost of importing these products into the United States. Understanding the duty implications is crucial for effective pricing and margin management in competitive markets.

💰 Special / FTA Rate

0.0000%

Available for eligible countries

Unit of Measurement

Frequently Asked Questions

How much is the duty for HS Code 1516.20.10.00?

The standard general duty rate for importing goods under HS Code 1516.20.10.00 into the US is 7.7000% based on the current Harmonized Tariff Schedule.

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