Customs tariff amendment replaces petroleum oils heading, prescribing standard ad valorem duty for crude and other petroleum oils. The First Schedule to the Customs Tariff Act is amended by substituting Chapter 27 heading 2709 entries to consolidate petroleum oils and oils obtained ... Summary
Customs tariff amendment replaces petroleum oils heading, prescribing standard ad valorem duty for crude and other petroleum oils.
The First Schedule to the Customs Tariff Act is amended by substituting Chapter 27 heading 2709 entries to consolidate petroleum oils and oils obtained from bituminous minerals under heading 2709 00, dividing it into a petroleum crude sub-item and an other oils sub-item, and prescribing a standard ad valorem duty rate for both sub-items while leaving preferential treatment blank.
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