HS Code 2701.12.00.50
Official Classification
Other
🤖 AI Analysis
The HS Code 2701.12.00.50 falls under Chapter 27, which encompasses various types of mineral fuels and oils, specifically classified as "Other." This classification typically includes products such as certain types of coal, petroleum, and natural gas that do not fit into more specific categories. Industries that commonly utilize these materials include energy production, manufacturing, and chemical processing, where they serve as key energy sources or raw materials. The general duty rate for imports under this category varies, meaning that importers should closely monitor current tariff rates to assess their potential costs. Fluctuations in duty rates can significantly impact overall pricing, making it essential for businesses to stay informed and plan accordingly when sourcing these products from international markets.
Frequently Asked Questions
How much is the duty for HS Code 2701.12.00.50?
The standard general duty rate for importing goods under HS Code 2701.12.00.50 into the US is 0% based on the current Harmonized Tariff Schedule.
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