HS Code 2612
Official Classification
Uranium or thorium ores and concentrates:
🤖 AI Analysis
HS Code 2612 pertains to uranium or thorium ores and concentrates, which are raw materials extracted from the earth containing these radioactive elements. This classification includes both uranium and thorium ores that are primarily utilized in the nuclear energy sector, where they serve as fuel for nuclear reactors, as well as in the production of isotopes for medical and industrial applications. Importers should be aware that the general duty rate for products under this code can vary, depending on specific trade agreements and regulations. It is crucial for business owners to stay informed about these rates, as they directly affect the overall cost of importing these materials and can influence pricing strategies and profit margins in affected industries.
Frequently Asked Questions
How much is the duty for HS Code 2612?
The standard general duty rate for importing goods under HS Code 2612 into the US is 0% based on the current Harmonized Tariff Schedule.
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