HS Code 2937.23.50.20
Official Classification
Progesterone
🤖 AI Analysis
HS Code 2937.23.50.20 refers specifically to progesterone, a steroid hormone that plays a crucial role in the reproductive system. This classification encompasses progesterone in its pure form, commonly used in pharmaceuticals for hormone replacement therapy, fertility treatments, and contraception. Industries such as healthcare, biotechnology, and pharmaceuticals are the primary users of this product. The general duty rate for importing progesterone can vary, depending on trade agreements and specific import conditions, which means that importers should verify the applicable rates at the time of import to ensure compliance and accurate cost projections. Understanding these details is essential for business owners involved in the importation of progesterone to manage costs effectively and adhere to customs regulations.
Frequently Asked Questions
How much is the duty for HS Code 2937.23.50.20?
The standard general duty rate for importing goods under HS Code 2937.23.50.20 into the US is 0% based on the current Harmonized Tariff Schedule.
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