HS Code 29182110: Salicylic Acid and its Salts for Medicinal Use
Salicylic acid and its salts are chemical compounds that are widely used in the pharmaceutical industry for medicinal purposes. These substances fall under HS Code 29182110, which is a specific code used to classify and identify products for international trade.
The HS Code 29182110 specifically applies to salicylic acid and its salts that are suitable for medicinal use. This means that the products under this code are of a high quality and meet the necessary requirements for use in the medical field.
When it comes to international trade, countries often impose tariffs or duties on imported goods. However, in the case of products classified under HS Code 29182110, the bound or most favored nation (MFN) duty rate is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for products under HS Code 29182110 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the salicylic acid and its salts being imported or exported.
There are also special tariff preference programs in place for products classified under HS Code 29182110. These programs provide certain countries with preferential treatment or duty-free access to the market. Some of the countries that enjoy these benefits include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and several others.
In the United States, the importing states for products under HS Code 29182110 include Mississippi, Rhode Island, and West Virginia. These states are known for their importation of salicylic acid and its salts for medicinal use.
On the other hand, the exporting states within the United States for products classified under HS Code 29182110 may vary. Depending on the production and distribution centers, different states may be involved in exporting these products to international markets.
Salicylic acid and its salts have various applications in the pharmaceutical industry. They are commonly used in the production of medications for the treatment of skin conditions, such as acne and psoriasis. These compounds possess anti-inflammatory and keratolytic properties, making them effective in the management of these dermatological conditions.
Furthermore, salicylic acid and its salts are also utilized in the manufacturing of topical pain-relieving ointments and creams. These products provide temporary relief from minor aches and pains, including muscle soreness, joint pain, and headaches.
HS Code 29182110 represents salicylic acid and its salts that are suitable for medicinal use. This code is used for international trade purposes and helps classify and identify these products. The bound or MFN duty rate for these goods is 6.5%, and they are typically measured in kilograms. Special tariff preference programs exist that provide certain countries with duty-free access to the market. Salicylic acid and its salts have important applications in the pharmaceutical industry and are used in the production of various medications and topical products for skin conditions and pain relief.
More on HS code 29182110
