HS Code 3403.11.20.00
Official Classification
Containing 50 percent or more by weight of petroleum oils or of oils obtained from bituminous minerals
🤖 AI Analysis
HS Code 3403.11.20.00 classifies products that contain 50 percent or more by weight of petroleum oils or oils derived from bituminous minerals. This category primarily includes various types of lubricants, greases, and industrial oils used in machinery and automotive applications. Industries such as manufacturing, automotive, and construction commonly utilize these products for equipment maintenance and performance enhancement. Importers should note that this classification carries a general duty rate of 0.2000%, which means that while the tariff is relatively low, it is essential to accurately classify products to avoid penalties and ensure compliance with customs regulations. Understanding this classification can help businesses effectively manage costs and streamline their import processes.
Frequently Asked Questions
How much is the duty for HS Code 3403.11.20.00?
The standard general duty rate for importing goods under HS Code 3403.11.20.00 into the US is 0.2000% based on the current Harmonized Tariff Schedule.
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