HS Code 2923.20
Official Classification
Lecithins and other phosphoaminolipids:
🤖 AI Analysis
HS Code 2923.20 covers lecithins and other phosphoaminolipids, which are phospholipids commonly derived from sources like soybeans or egg yolks. These substances are widely used in the food industry as emulsifiers, stabilizers, and nutritional supplements, enhancing the texture and shelf life of various products. Additionally, they find applications in pharmaceuticals and cosmetics due to their properties that help improve formulation stability and nutrient absorption. The general duty rate for importing these products varies, depending on factors such as the specific type of lecithin and the country of origin. Importers should be aware of these duty implications, as they can affect the overall cost of goods sold, impacting pricing strategies and profit margins. Understanding this classification is
Frequently Asked Questions
How much is the duty for HS Code 2923.20?
The standard general duty rate for importing goods under HS Code 2923.20 into the US is 0% based on the current Harmonized Tariff Schedule.
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