The HS Code 29391910 refers to the product Papaverine and its salts. This code is used for the classification and identification of goods during international trade. It helps in the smooth flow of goods across borders and ensures that the correct duties and regulations are applied.
Papaverine is an alkaloid found in the opium poppy plant. It is used in the medical field as a smooth muscle relaxant and vasodilator. Its salts, such as Papaverine hydrochloride, are commonly used in the treatment of various conditions, including erectile dysfunction, cerebral vasospasm, and peripheral vascular disease.
The quantity unit for the HS Code 29391910 is kilograms (KG). This means that the product is measured and traded in terms of weight.
One important aspect to note is the bound/MFN (Most Favored Nation) duty rate associated with this HS Code. The bound duty rate is the maximum rate of duty that a country can impose on a particular product. The MFN duty rate refers to the rate applied to imports from all trading partners. In this case, the bound/MFN duty rate for Papaverine and its salts is free. This means that no duty is imposed on the import of this product.
Additionally, there are special tariff preference programs associated with this HS Code. These programs allow for preferential treatment in terms of duty rates for specific countries. The countries included in the special tariff preference programs for Papaverine and its salts are:
These special tariff preference programs allow for the import of Papaverine and its salts from these countries at a duty-free rate, promoting trade and economic cooperation.
When it comes to the United States, the importing states for Papaverine and its salts under HS Code 29391910 are North Carolina and Nevada. These states are the destinations for the imported product.
On the other hand, the exporting states from the United States for Papaverine and its salts are Puerto Rico and Indiana. These states are the origins of the exported product.
the HS Code 29391910 represents Papaverine and its salts, which are used in the medical field as muscle relaxants and vasodilators. The code helps in the proper classification and identification of the product during international trade. It is important to be aware of the bound/MFN duty rate and special tariff preference programs associated with this HS Code to understand the trade regulations and benefits for this particular product.