HS Code 2932.99.35.00
Official Classification
2-Hydroxy-3-dibenzofurancarboxylic acid
🤖 AI Analysis
HS Code 2932.99.35.00 classifies 2-Hydroxy-3-dibenzofurancarboxylic acid, a compound typically used in the pharmaceutical and chemical industries. This substance may serve as an intermediate in the synthesis of various organic chemicals, including those used for medicinal formulations or agrochemicals. It is important for U.S. importers to note that this classification carries a general duty rate of 6.5%. This means that when importing this product, businesses should factor in this tariff, as it will affect the overall cost of goods sold and pricing strategies. Understanding this classification and its implications is crucial for compliance and effective financial planning in international trade.
Frequently Asked Questions
How much is the duty for HS Code 2932.99.35.00?
The standard general duty rate for importing goods under HS Code 2932.99.35.00 into the US is 6.5000% based on the current Harmonized Tariff Schedule.
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