HS Code 2916.34
Official Classification
Phenylacetic acid and its salts:
🤖 AI Analysis
HS Code 2916.34 encompasses phenylacetic acid and its salts, which are organic compounds commonly used in the production of pharmaceuticals, agrochemicals, and fragrances. This classification includes various forms of phenylacetic acid, which is vital in synthesizing certain medications, such as penicillin derivatives, and is also utilized in the manufacture of herbicides and perfumes. The general duty rate for imports under this code varies, meaning that importers should consult the latest tariff schedules to determine the exact duty applicable to their specific imports. Understanding these duty implications is crucial for cost management and pricing strategies in competitive markets. By accurately classifying and assessing duty rates, businesses can optimize their supply chain and enhance profitability while ensuring compliance with U.S. customs
Frequently Asked Questions
How much is the duty for HS Code 2916.34?
The standard general duty rate for importing goods under HS Code 2916.34 into the US is 0% based on the current Harmonized Tariff Schedule.
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