The HS Code 29251200 refers to the product Glutethimide (INN). Glutethimide is a pharmaceutical drug that is used as a sedative and hypnotic. It belongs to the class of drugs known as hypnotics and sedatives, which are used to induce sleep and reduce anxiety.
When it comes to international trade, the HS Code is used to classify products for customs and statistical purposes. It is a standardized system that is used globally to ensure uniformity in the classification of goods. The HS Code 29251200 specifically classifies Glutethimide and is used by customs authorities to identify and regulate its import and export.
One important aspect of the HS Code is the duty rate associated with the product. The duty rate determines the amount of customs duty that needs to be paid when importing or exporting the product. In the case of Glutethimide (INN), the bound/MFN (Most Favored Nation) duty rate is free. This means that there is no duty imposed on the import or export of Glutethimide, regardless of the trading partner.
In addition to the duty rate, the HS Code also provides information about the quantity unit in which the product is measured. For Glutethimide, the quantity unit is kilograms (KG). This information is important for customs authorities to accurately calculate the duties and taxes based on the quantity of the product being imported or exported.
Furthermore, the HS Code also indicates whether the product is eligible for any special tariff preference programs. In the case of Glutethimide, it is eligible for several special tariff preference programs. These programs include the Generalized System of Preferences (GSP), which provides duty-free treatment for developing countries, and specific special rates for countries like Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic, Central American countries (under DR-CAFTA), Peru, and Singapore.
When it comes to importing Glutethimide into the United States, the data shows that the product has been imported into the state of Nebraska multiple times. Nebraska seems to be a significant destination for Glutethimide imports. However, the data does not provide information about the specific quantities or purposes of these imports.
On the other hand, there is no information available regarding the exporting US states for Glutethimide. This could indicate that the United States is primarily an importer of Glutethimide rather than an exporter.
the HS Code 29251200 is used to classify Glutethimide (INN) for international trade. It provides important information about the duty rate, quantity unit, and eligibility for special tariff preference programs. The data suggests that Glutethimide is imported into the state of Nebraska in the United States, but there is no information available about its exports from the US.