Aspirin, also known as O-Acetylsalicylic Acid, is a widely used medication that offers various health benefits. In this article, we will explore the HS code 29182210, which specifically relates to the import and export of O-Acetylsalicylic Acid.
HS codes, also known as Harmonized System codes, are used worldwide to classify and standardize traded products. These codes help facilitate international trade by providing a common language for customs authorities and traders. The HS code 29182210 specifically refers to O-Acetylsalicylic Acid, commonly known as Aspirin.
Importers and exporters dealing with O-Acetylsalicylic Acid need to be aware of the specific regulations and duty rates associated with this HS code. Let's delve deeper into the details:
O-Acetylsalicylic Acid, commonly known as Aspirin, is a white crystalline powder that is widely used for its analgesic (pain-relieving), antipyretic (fever-reducing), and anti-inflammatory properties. It is primarily used to relieve pain, reduce inflammation, and prevent blood clotting.
The bound / MFN (Most Favored Nation) duty rate for HS code 29182210 is 6.5%. 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. Therefore, the duty rate for O-Acetylsalicylic Acid remains consistent.
The quantity unit for O-Acetylsalicylic Acid is measured in kilograms (KG). This unit denotes the weight of the imported or exported product.
Several special tariff preference programs are available for O-Acetylsalicylic Acid under HS code 29182210. These programs offer preferential treatment, including duty-free access, for certain countries. The eligible programs for O-Acetylsalicylic Acid are as follows:
Importers and exporters should review the specific requirements and eligibility criteria for these special tariff preference programs to benefit from duty-free or reduced-duty treatment.
When importing O-Acetylsalicylic Acid into the United States under HS code 29182210, the following states are involved:
These states play a crucial role in the importation process and may have specific regulations or requirements for O-Acetylsalicylic Acid imports.
While the data provided does not mention specific exporting US states for O-Acetylsalicylic Acid, it is important to note that the global demand for this medication is significant. Many pharmaceutical companies in the United States export O-Acetylsalicylic Acid to various countries around the world.
the HS code 29182210 pertains to O-Acetylsalicylic Acid, commonly known as Aspirin. Importers and exporters dealing with this product need to be aware of the bound / MFN duty rate, the quantity unit, special tariff preference programs, and the involvement of specific US states in the importation process. Understanding these details is crucial for smooth and compliant international trade operations involving O-Acetylsalicylic Acid.