The HS Code 29335959 refers to a specific category of drugs that fall under the classification of nonaromatic drugs of heterocyclic compounds. These drugs contain nitrogen hetero-atoms and are characterized by the presence of a pyrimidine or piperazine ring. They are used in various pharmaceutical applications and have specific import and export regulations.
When it comes to importing these drugs into the United States, there are specific states that are known for their import activities. These states include Indiana, Nebraska, and Puerto Rico. These states have a significant demand for these drugs, and their import activities contribute to the overall supply of these medicines in the country.
On the other hand, the exporting states for these drugs from the United States may vary. The data provided does not specify the exporting states, but it can be assumed that these drugs are exported to countries around the world where there is a demand for them.
One important aspect to consider when importing or exporting goods is the duty rate. The bound or MFN (Most Favored Nation) duty rate for HS Code 29335959 is 3.7%. 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. This duty rate applies to the import and export of these drugs.
However, there are certain special tariff preference programs that provide exemptions or lower duty rates for specific countries. In the case of HS Code 29335959, the following countries are eligible for special tariff preference programs:
These countries enjoy special rates or duty-free treatment for the import of drugs classified under HS Code 29335959. The special tariff preference programs vary for each country, and some countries may have additional agreements or trade preferences in place.
For example, certain countries are excluded from GSP (Generalized System of Preferences) eligibility for this HTS (Harmonized Tariff Schedule) subheading, which means they do not receive duty-free treatment. On the other hand, some countries have specific agreements such as NAFTA (North American Free Trade Agreement) for Canada and Mexico, the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), the Agreement on Trade in Pharmaceutical Products, and the Dominican Republic-Central American Special Rate (DR-CAFTA).
Overall, HS Code 29335959 represents a specific category of nonaromatic drugs of heterocyclic compounds that are used in pharmaceutical applications. These drugs contain nitrogen hetero-atoms and have a pyrimidine or piperazine ring. The import and export of these drugs are subject to specific duty rates and can benefit from special tariff preference programs for eligible countries. Indiana, Nebraska, and Puerto Rico are known for their import activities related to these drugs in the United States.