HS Code 1301
Official Classification
Lac; natural gums, resins, gum-resins and oleoresins (for example, balsams):
🤖 AI Analysis
HS Code 1301 encompasses a variety of natural substances, including lac, natural gums, resins, gum-resins, and oleoresins, such as balsams. These products are often derived from plant sources and are commonly used in industries like cosmetics, food production, pharmaceuticals, and manufacturing. For instance, natural gums can serve as thickening agents or emulsifiers, while resins might be used in adhesives or varnishes. The general duty rate for importing these products varies, which means that importers should carefully assess the specific rate that applies to their goods to accurately calculate total import costs. Understanding the classification and associated duties is crucial for effective financial planning and compliance with U.S. customs regulations.
Frequently Asked Questions
How much is the duty for HS Code 1301?
The standard general duty rate for importing goods under HS Code 1301 into the US is 0% based on the current Harmonized Tariff Schedule.
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