Analysis
HTS 1507.10.00 covers crude oil, whether or not degummed under heading 1507 (soybean oil and its fractions, whether or not refined, but not chemically modified).
Neighbouring lines carry rates from duty-free to 19.1%, so the exact line matters. The widest gap is with 1507.90.20 (pharmaceutical Grade meeting FDA requirements for use in intravenous…), at duty-free: a product that belongs there but is entered here, or the reverse, changes the duty by 19.1 percentage points.
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 19.1%. 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 general duty rate is 19.1% of the customs value, which is among the highest the rates in chapter 15 (97th percentile of 37 lines with an ad valorem rate). On a shipment valued at $10,000 that is $1,910 in duty before any Chapter 99 additions or preference claims.
The column 2 rate, for countries without normal trade relations, is 45%, 2.4 times the general rate.
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 1507.90.20 | Pharmaceutical Grade meeting FDA requirements for use in intravenous fat emulsions, valued over $5/kg | Free |
| 1507.90.40 | Other: other | 19.1% |