HS Code 2933.29.20.00

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HS Code 2933.29.20.00 encompasses a range of pharmaceutical compounds classified as drugs, specifically those not elsewhere specified in Chapter 29 of the Harmonized System. This classification typically includes various chemical substances used in the formulation of medications, such as analgesics, antibiotics, and hormones, which are essential in the pharmaceutical industry for treating illnesses and managing health conditions. Importers should be aware that products under this code are subject to a general duty rate of 6.0000%. This duty rate can significantly affect the overall cost of imported pharmaceuticals, impacting pricing strategies and profit margins. Therefore, it is crucial for business owners in the health and wellness sectors to carefully consider these tariffs when planning their import activities.

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