HS Code 2936.29.16.10
Official Classification
Pharmaceutical grade
🤖 AI Analysis
HS Code 2936.29.16.10 pertains to pharmaceutical-grade substances, specifically classified under Chapter 29, which covers organic chemicals. This classification typically includes various compounds used in the production of medications, ranging from active pharmaceutical ingredients (APIs) to excipients essential for drug formulation. Industries such as pharmaceuticals, biotechnology, and healthcare rely on these substances for developing effective treatments and therapies. The general duty rate for imports under this code varies, meaning that importers should closely monitor current tariff schedules to determine applicable rates and assess their impact on overall costs. Understanding this classification is crucial for compliance and cost management in international trade, as it affects pricing strategies and profit margins for businesses engaged in pharmaceutical imports.
Frequently Asked Questions
How much is the duty for HS Code 2936.29.16.10?
The standard general duty rate for importing goods under HS Code 2936.29.16.10 into the US is 0% based on the current Harmonized Tariff Schedule.
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