HS Code 2918.29.20.00
Official Classification
Gentisic acid; and Hydroxycinnamic acid and its salts
🤖 AI Analysis
HS Code 2918.29.20.00 covers gentisic acid and hydroxycinnamic acid, along with their salts. These compounds are organic acids often utilized in the pharmaceutical, cosmetic, and food industries due to their antioxidant properties and potential health benefits. For businesses importing these substances into the United States, it is important to note that they are subject to a general duty rate of 6.5%. This means that importers should factor this tariff into their overall cost calculations, as it can significantly impact pricing and profitability. Understanding this classification and its implications can help businesses navigate compliance and optimize their supply chain strategies effectively.
Frequently Asked Questions
How much is the duty for HS Code 2918.29.20.00?
The standard general duty rate for importing goods under HS Code 2918.29.20.00 into the US is 6.5000% based on the current Harmonized Tariff Schedule.
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