HS Code 2923.20.20
Official Classification
Other
🤖 AI Analysis
HS Code 2923.20.20 falls under Chapter 29, which includes a variety of organic chemicals. This specific classification is for "other" organic compounds not explicitly detailed elsewhere, often encompassing specialty chemicals used in pharmaceuticals, agricultural products, and industrial applications. Industries such as biotechnology, cosmetics, and food processing may utilize these compounds for various formulations and processes. Importers should note that this classification carries a general duty rate of 5.0000%, which means that businesses will need to factor this cost into their pricing and procurement strategies. Understanding this classification and its duty implications is crucial for compliance and cost management in international trade.
Frequently Asked Questions
How much is the duty for HS Code 2923.20.20?
The standard general duty rate for importing goods under HS Code 2923.20.20 into the US is 5.0000% based on the current Harmonized Tariff Schedule.
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