HS Code 2805.30.00.20
Official Classification
Neodymium
🤖 AI Analysis
HS Code 2805.30.00.20 classifies neodymium, a rare earth element known for its strong magnetic properties. This classification encompasses neodymium in its various forms, often utilized in the manufacturing of high-performance magnets, which are essential in industries such as electronics, automotive, and renewable energy, particularly in wind turbines and electric vehicles. Importers should be aware that the general duty rate for neodymium can vary, depending on factors such as the importing country and specific trade agreements in place. It is crucial for businesses to check the latest duty rates and any potential tariffs to accurately assess the total landed cost of their imports, ensuring compliance and effective budgeting in their supply chain operations.
Frequently Asked Questions
How much is the duty for HS Code 2805.30.00.20?
The standard general duty rate for importing goods under HS Code 2805.30.00.20 into the US is 0% based on the current Harmonized Tariff Schedule.
Need Help?
Our import experts can help you classify products and optimize your duty payments.
Contact Expert🚢 Shipping neodymium...?
Container rates fluctuate weekly. Compare SeaRates quotes instantly against DHL, FedEx, and Maersk to save up to 35%.
- ✓ FCL & LCL
- ✓ Air Cargo
- ✓ Door-to-Door