1504.20.40

Analysis

HTS 1504.20.40 covers fats and oils and their fractions, of fish, other than liver oils: herring under heading 1504 (fats and oils and their fractions, of fish or marine mammals, whether or not refined, but…).

The general rate is 1¢/kg, a specific or compound duty rather than a simple percentage, so the effective burden depends on the unit value of the goods: cheap goods pay proportionally more than expensive ones. Importers usually convert it to an ad valorem equivalent to compare it with other lines.

Goods that qualify under GSP, the Australia FTA, the Bahrain FTA, the Chile FTA, the Colombia TPA, and 12 others can enter duty-free instead of paying 1¢/kg. It is also eligible under GSP, the developing-country programme, which Congress has to renew; check whether GSP is in force on the entry date.

The other lines in the same group are 1504.20.20 (fats and oils and their fractions, of fish, other than…, duty-free) and 1504.20.60 (fats and oils and their fractions, of fish, other than…, 1.5¢/kg + 5%).