When it comes to international trade, it is essential to have a standardized system to classify products. HS Code 29146920 is specifically assigned to drugs of quinones. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.
HS Code 29146920 refers to drugs of quinones. Quinones are a class of organic compounds that are widely used in pharmaceuticals due to their various therapeutic properties. These drugs play a crucial role in the treatment of several medical conditions.
Quinones are known for their antioxidant, antimicrobial, and antiviral properties. They are used in the production of medications for treating cancer, bacterial infections, and viral diseases. These drugs are carefully formulated to ensure their effectiveness and safety for human consumption.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29146920 is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. It's important to consider this duty rate when importing or exporting drugs of quinones.
The quantity unit for HS Code 29146920 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of the imported or exported products. When dealing with drugs of quinones, the quantity unit helps determine the volume and dosage of the medications being traded.
HS Code 29146920 is eligible for various special tariff preference programs. These programs provide specific benefits and exemptions for countries participating in trade agreements. Below are the special tariff preference programs applicable to drugs of quinones:
When it comes to importing drugs of quinones to the United States, all states are potential destinations. Some states, however, may have higher demand due to their healthcare industries or research facilities. These states include California, New York, Texas, Massachusetts, and Illinois, among others.
For exporting drugs of quinones from the United States, it is crucial to identify countries with a high demand for these medications. Some of the major export destinations may include Canada, Mexico, Australia, Singapore, and various countries in the European Union.
HS Code 29146920 encompasses drugs of quinones, which are essential components in the pharmaceutical industry. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code is crucial for international traders and policymakers.
By leveraging the information provided in this article, importers and exporters can make informed decisions regarding the trade of drugs of quinones, ensuring compliance with customs regulations and taking advantage of special tariff programs when applicable.