What is the import duty for HS Code 2932.20.20.00?

The general duty rate for HS Code 2932.20.20.00 is 6.5000%. Special rates may apply for countries with Free Trade Agreements.

← 2932.20.10.00 2932.20.25.00 →

HARMONIZED SYSTEM CODE

HS Code 2932.20.20.00

6.5000%

General Duty Rate

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Official Classification

Drugs

🤖 AI Analysis

HS Code 2932.20.20.00 classifies certain drugs, specifically those that are chemically defined as alkaloids and derivatives, such as certain pharmaceuticals and controlled substances. These products are commonly used in the medical and pharmaceutical industries for therapeutic purposes, including pain relief, anesthesia, and treatment of various health conditions. Importers should be aware that this classification carries a general duty rate of 6.5%, which means that upon importing these products into the United States, businesses must budget for this additional cost on top of the product price. Understanding this duty rate is crucial for financial planning and competitive pricing strategies in the market. Proper classification and compliance with customs regulations are essential to avoid delays and penalties during the import process.

💰 Special / FTA Rate

0.0000%

Available for eligible countries

Unit of Measurement

Frequently Asked Questions

How much is the duty for HS Code 2932.20.20.00?

The standard general duty rate for importing goods under HS Code 2932.20.20.00 into the US is 6.5000% based on the current Harmonized Tariff Schedule.

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