HS Code 29182310: Salol (Phenyl salicylate) suitable for medicinal use
Salol (Phenyl salicylate) is a chemical compound that is widely used in the medicinal industry. It falls under HS Code 29182310, which specifically categorizes it for medicinal use. This article will provide an extensive overview of the HS Code 29182310, its product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states.
Product Description:
Salol, also known as Phenyl salicylate, is a white crystalline powder that is frequently used in the production of pharmaceutical products. It has various medicinal properties, including its use as an antiseptic, analgesic, and anti-inflammatory agent. Salol is commonly found in topical ointments, creams, and lotions due to its ability to relieve pain and reduce inflammation.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 29182310 is 6.5%. The MFN duty rate is the rate that applies to all trading partners when a country lowers a trade barrier or opens up a market. This means that regardless of the country of origin, Salol imported for medicinal use will be subject to a 6.5% duty rate.
Quantity Unit:
The quantity unit for HS Code 29182310 is kilograms (KG). This unit of measurement is used to determine the weight of Salol being imported or exported.
Special Tariff Preference Programs:
There are several special tariff preference programs available for Salol (Phenyl salicylate) under HS Code 29182310. These programs provide duty-free treatment or special rates for specific trading partners. The programs applicable to Salol are as follows:
1. Generalized System of Preferences (GSP): This program provides duty-free treatment for Salol imported from eligible countries.
2. Australia Special Rate: Salol imported from Australia is subject to a special rate.
3. Bahrain Special Rate: Salol imported from Bahrain is subject to a special rate.
4. NAFTA for Canada: Salol imported from Canada is eligible for duty-free treatment under the North American Free Trade Agreement (NAFTA).
5. Chile Special Rate: Salol imported from Chile is subject to a special rate.
6. Caribbean Basin Initiative (CBI): Salol imported from CBI beneficiary countries is eligible for duty-free treatment.
7. Israel Special Rate: Salol imported from Israel is subject to duty-free treatment.
8. Andean Trade Preference Act (ATPA): Salol imported from ATPA beneficiary countries is eligible for duty-free treatment.
9. Jordan Special Rate: Salol imported from Jordan is subject to a special rate.
10. Morocco Special Rate: Salol imported from Morocco is subject to a special rate.
11. NAFTA for Mexico: Salol imported from Mexico is eligible for duty-free treatment under NAFTA.
12. Oman Special Rate: Salol imported from Oman is subject to a special rate.
13. Dominican Republic-Central American Special Rate (DR-CAFTA): Salol imported from DR-CAFTA beneficiary countries is subject to a special rate.
14. Peru Special Rate: Salol imported from Peru is subject to a special rate.
15. Singapore Special Rate: Salol imported from Singapore is subject to a special rate.
Importing US States:
Salol under HS Code 29182310 can be imported to the United States. The specific states that import Salol are Mississippi, Rhode Island, and West Virginia. These states have a demand for Salol due to its medicinal properties and its use in the pharmaceutical industry.
Exporting US States:
The article does not provide information about the specific US states that export Salol under HS Code 29182310. However, it can be assumed that any state in the US that produces or manufactures Salol for medicinal use may engage in export activities.
HS Code 29182310 categorizes Salol (Phenyl salicylate) suitable for medicinal use. It is a chemical compound widely used in the pharmaceutical industry. This article provided an extensive overview of the HS Code, its product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states.
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