HS Code 2916.34.10.00
Official Classification
Phenylacetic acid (α-Toluic acid)
🤖 AI Analysis
The HS Code 2916.34.10.00 classifies phenylacetic acid, also known as α-toluic acid, which is an aromatic organic compound commonly used in the pharmaceutical and chemical industries. This compound serves as an important intermediate in the synthesis of various drugs, particularly in the production of antibiotics and other medicinal compounds. In addition, it finds applications in the manufacturing of fragrances and agrochemicals. Importers should be aware that this product is subject to a general duty rate of 6.5%. This means that when importing phenylacetic acid into the United States, businesses must factor in this tariff cost, which can impact overall pricing and profitability. Understanding these implications is crucial for effective cost management and pricing strategies in
Frequently Asked Questions
How much is the duty for HS Code 2916.34.10.00?
The standard general duty rate for importing goods under HS Code 2916.34.10.00 into the US is 6.5000% based on the current Harmonized Tariff Schedule.
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