What is the import duty for HS Code 2902.70.00.00?

The general duty rate for HS Code 2902.70.00.00 is 0.0000%. Special rates may apply for countries with Free Trade Agreements.

← 2902.60.00.00 2902.90 →

HARMONIZED SYSTEM CODE

HS Code 2902.70.00.00

0.0000%

General Duty Rate

💸

Paying a supplier for these goods?

Don't use your bank. Use Wise Business to save ~4% on exchange rates.

Official Classification

Cumene

🤖 AI Analysis

The HS Code 2902.70.00.00 classifies cumene, a colorless liquid hydrocarbon primarily used as a precursor in the production of phenol and acetone. It falls under Chapter 29, which covers organic chemicals, and is commonly utilized in industries such as plastics, resins, and pharmaceuticals. Cumene is vital for manufacturing various household products, industrial solvents, and chemical intermediates. Notably, this classification carries a general duty rate of 0.0000%, meaning that U.S. importers can bring in cumene without incurring additional customs duties. This duty-free status can provide a competitive advantage for businesses relying on cumene for their production processes, as it minimizes costs associated with customs tariffs.

Unit of Measurement

Frequently Asked Questions

How much is the duty for HS Code 2902.70.00.00?

The standard general duty rate for importing goods under HS Code 2902.70.00.00 into the US is 0.0000% based on the current Harmonized Tariff Schedule.

🧮 Calculate Landed Cost 🚢 Get Shipping Quotes