HS Code 2931.90.22.00
Official Classification
Drugs
🤖 AI Analysis
HS Code 2931.90.22.00 classifies certain drugs under Chapter 29, which encompasses organic chemicals. This specific code generally includes pharmaceutical products that are not classified elsewhere, such as specific therapeutic agents or intermediates used in drug manufacturing. Industries that commonly utilize these products include pharmaceuticals, biotechnology, and healthcare, where they are essential for developing medications or treatments. Importers should be aware that this classification carries a general duty rate of 6.5%, which can impact the overall cost of importing these drugs. Proper classification and understanding of duty rates are crucial for maintaining compliance and managing expenses in international trade.
Frequently Asked Questions
How much is the duty for HS Code 2931.90.22.00?
The standard general duty rate for importing goods under HS Code 2931.90.22.00 into the US is 6.5000% based on the current Harmonized Tariff Schedule.
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