HS Code 2709.00.20

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HS Code 2709.00.20 pertains to crude oil that has a specific gravity of 25 degrees American Petroleum Institute (A.P.I.) or higher. This classification primarily includes heavier grades of crude oil, which are typically utilized in the petroleum refining industry to produce fuels, lubricants, and other petrochemical products. As an importer, it is crucial to note that the general duty rate for this classification can vary, depending on trade agreements and specific import conditions. Understanding these duty implications is vital for accurate cost assessments and financial planning in your supply chain. Ensuring compliance with regulations will help you navigate potential tariffs and optimize your import strategy in the competitive energy market.

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