Trimtabist

The independent observatory for US trade — ship movements, customs records and policy events, measured and tested.

What India actually pays on drugs

Importers of HS 2934.99 (drugs) from India actually paid 6.49% on the taxed portion of the value in 2026-06 — 5.3% across everything shipped, taxed or not. Measured from official duty receipts, not the rulebook: the statutory MFN base rate on this code is 3.7%. Over the window the rate on the taxed portion moved 6.49% → 6.49%, with the largest single step +25.1pp in 2025-08. Measured from official US duty receipts · as-of 2026-06 · confidence: measured, not modelled. The HTS base rate is 3.7% — importers actually paid 6.49%, so the trade-war overlay added 2.8 pts, measured at the border (not a summed rulebook estimate). Reproduce exactly: tariff_story(hs: "2934.99", origin: "India") · see it at trimtabist.com/tariffs

India paid 6.49% on HS 2934.99 — the schedule says 3.7% Collected rate on the taxed value — measured from US duty receipts, not the rulebook 6.49% HTS base 3.7% — the rulebook floor2023-072024-122026-06 Measured · as-of 2026-06 · Trimtab US Tariffs & Trade Ledger · trimtabist.com

HS 2934.99. The schedule base rate is 3.7%; importers from India actually paid 6.49% on the dutiable value in 2026-06 — the trade-war overlay added 2.8 points, measured at the border. Measured, not modelled.

Over the window the collected rate moved 6.49% (2023-07) → 6.49% (2026-06), largest single step +25.1pp in 2025-08.

Landed cost vs the benchmark

China's lower duty (3.9% vs 5.3%) lets it price up to 1.3% above India at the factory and still match on duty-inclusive customs cost. But on the LATEST measured prices, India actually lands cheaper — $7.94/kg vs $16.85/kg (duty in, freight out).

The trade-war measures that name India or this sector

7 Chapter-99 measures name India; scope mapping is partial (several annexes are PDFs) — absence never means exemption. They do not sum, and some are product-specific — the collected rate above is the composed truth.

9903.01.56
measure 9903.01.56
+27%
9903.01.55
measure 9903.01.55
+26%
Notice of Implementation of Additional Duties on Products of India Pursuant to the President's Executive Order
measure 9903.01.84 · Federal Register citation
+25%
9903.02.26
measure 9903.02.26
+25%
9903.02.27
measure 9903.02.27
+19%
9903.05.44
measure 9903.05.44
+10%
9903.05.45
measure 9903.05.45
+10%

Go deeper

All goods from India · the whole tariff ledger · 2 CBP rulings cite this code · reproduce: tariff_story(hs: "2934.99", origin: "India") via /connect. Not customs or legal advice.

In print: “What India actually pays on drugs (HS 2934.99)” — Trimtab US Trade Ledger (TT-010 Duty receipts), US Census imports-for-consumption records — trimtabist.com/tariff/293499/india