HS Code 1201
Official Classification
Soybeans, whether or not broken:
🤖 AI Analysis
HS Code 1201 covers soybeans, which are the whole seeds of the soybean plant, whether intact or broken. This classification includes raw soybeans that are essential in various industries, particularly in food production, animal feed, and biofuel manufacturing. Soybeans are a key ingredient in products like tofu, soy milk, and cooking oils, as well as a protein source in livestock feed. Importers should be aware that the general duty rate for soybeans can vary, influencing overall import costs. It is crucial for businesses to stay informed about current duty rates and any potential trade agreements or tariffs that may affect their bottom line when sourcing these essential agricultural products.
Frequently Asked Questions
How much is the duty for HS Code 1201?
The standard general duty rate for importing goods under HS Code 1201 into the US is 0% based on the current Harmonized Tariff Schedule.
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