HS Code 2008.99.61.00
Official Classification
Soybeans
🤖 AI Analysis
HS Code 2008.99.61.00 pertains to soybeans that are not otherwise specified, falling under Chapter 20, which focuses on vegetable products. This classification typically includes processed soybeans, such as those used for food products, animal feed, and various industrial applications. Industries such as food manufacturing, livestock feed production, and biofuel generation frequently utilize soybeans due to their versatility and nutritional value. Importers should be aware that this classification carries a general duty rate of 3.8%, which will affect the overall cost of importing soybeans into the United States. Understanding this duty rate is crucial for budgeting and pricing strategies, as it impacts profit margins and competitiveness in the market.
Frequently Asked Questions
How much is the duty for HS Code 2008.99.61.00?
The standard general duty rate for importing goods under HS Code 2008.99.61.00 into the US is 3.8000% based on the current Harmonized Tariff Schedule.
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