HS Code 2916.12.50
Official Classification
Other
🤖 AI Analysis
HS Code 2916.12.50 falls under Chapter 29, which covers organic chemicals. This classification specifically includes various types of organic compounds not detailed elsewhere, such as certain derivatives used in industrial applications. Common industries utilizing these products include pharmaceuticals, agriculture, and manufacturing, where they serve as intermediates or key components in chemical processes. Importers should be aware that this classification carries a general duty rate of 3.7000%, which impacts the overall cost of importing these goods into the United States. Understanding this duty rate is crucial for pricing strategies and overall supply chain management, as it can significantly affect profit margins and competitive positioning in the market.
Frequently Asked Questions
How much is the duty for HS Code 2916.12.50?
The standard general duty rate for importing goods under HS Code 2916.12.50 into the US is 3.7000% based on the current Harmonized Tariff Schedule.
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