Aromatic or modified aromatic drugs of other heterocyclic compounds, nesoi, fall under the HS code 29349930. This code is used to classify these specific types of pharmaceutical products in international trade. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description for HS code 29349930 is "Aromatic or modified aromatic drugs of other heterocyclic compounds, nesoi." This code is used to identify and classify pharmaceutical products that contain aromatic or modified aromatic compounds, which are part of the heterocyclic chemical family. These drugs may have various therapeutic properties and are used in the treatment of different medical conditions.
The bound / MFN (Most Favored Nation) duty rate for HS code 29349930 is 6.5%. This rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of duty rates. This duty rate is applicable to imports of aromatic or modified aromatic drugs of other heterocyclic compounds, nesoi, across countries.
The quantity unit for HS code 29349930 is kilograms (KG). This unit is used to measure the weight or quantity of the imported or exported pharmaceutical products. It provides a standardized measurement to ensure accurate and consistent trade transactions.
HS code 29349930 is eligible for several special tariff preference programs. These programs offer preferential or duty-free treatment to specific countries or regions. The following programs apply to imports of aromatic or modified aromatic drugs of other heterocyclic compounds, nesoi:
These special tariff preference programs aim to promote trade and economic cooperation between participating countries and regions.
HS code 29349930 is imported and exported by several US states. The following states are involved in the importation of aromatic or modified aromatic drugs of other heterocyclic compounds, nesoi:
These states engage in trade activities related to this HS code, either as importers or as transshipment points for this specific pharmaceutical product.
On the other hand, the following US states are involved in the exportation of aromatic or modified aromatic drugs of other heterocyclic compounds, nesoi:
These states play a role in supplying these pharmaceutical products to international markets, contributing to the global trade of aromatic or modified aromatic drugs.
HS code 29349930 represents aromatic or modified aromatic drugs of other heterocyclic compounds, nesoi, in international trade. This code helps classify and regulate the import and export of these pharmaceutical products. Understanding the details of this HS code, including its product description, duty rates, special tariff preference programs, and the involvement of specific US states, is crucial for businesses and policymakers involved in the pharmaceutical industry and international trade.