The HS Code 30042000 refers to medicaments containing antibiotics, nesoi, in dosage form or packed for retail. This code is used to classify and identify this specific type of pharmaceutical product for international trade purposes.
Medicaments containing antibiotics are a type of medication that is used to treat bacterial infections. They are formulated in various dosage forms, such as tablets, capsules, liquids, or creams, and are packed for retail distribution, making them easily accessible to consumers.
When it comes to international trade, the HS Code plays a crucial role in ensuring smooth and efficient import and export processes. It allows customs authorities and trade organizations to classify products accurately, determine applicable duties and tariffs, and monitor international trade statistics.
The bound or MFN (Most Favored Nation) duty rate for HS Code 30042000 is free. 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. This duty-free treatment promotes fair and equal trade among nations.
The quantity unit for medicaments containing antibiotics is kilograms (KG). This unit of measurement helps in quantifying the amount of product being imported or exported, ensuring accurate record-keeping and trade statistics.
In addition to the duty rate, there are special tariff preference programs associated with HS Code 30042000. These programs provide additional benefits or exemptions for certain countries or regions. The following programs offer duty-free treatment or special rates for medicaments containing antibiotics:
When it comes to importing medicaments containing antibiotics under HS Code 30042000, the data shows that Puerto Rico is the primary destination. Other US states, such as Pennsylvania, Texas, Indiana, and Colorado, also import significant quantities of this product.
On the other hand, Puerto Rico, Indiana, and Wisconsin are the main exporting US states for medicaments containing antibiotics. They supply these products to various states, including North Carolina, Pennsylvania, Maine, New York, and Hawaii.
Overall, HS Code 30042000 plays a crucial role in the international trade of medicaments containing antibiotics. It allows for accurate classification, determination of duties and tariffs, and monitoring of trade statistics. The special tariff preference programs further promote fair and equal trade among countries, benefiting both importers and exporters.