Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29224926: Aromatic Amino-Acids Drugs and their Esters

The HS Code 29224926 refers to aromatic amino-acids drugs and their esters that do not contain more than one kind of oxygen function. This code is used to classify and categorize these specific types of pharmaceutical products in international trade. Let's delve deeper into the details of this HS code and understand its implications.

Product Description: Aromatic amino-acids drugs and their esters, not containing more than one kind of oxygen function, nesoi

The product description specifies that the goods falling under HS Code 29224926 are pharmaceutical drugs composed of aromatic amino acids and their esters. These drugs are formulated in a way that they do not contain more than one type of oxygen function. The term "nesoi" stands for "not elsewhere specified or included," indicating that this code covers drugs that are not categorized under any other specific HS code.

Bound / MFN Duty Rate: 6.5%

The bound or Most Favored Nation (MFN) duty rate for products classified under HS Code 29224926 is 6.5%. This means that when a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 6.5% for imports of these goods from all its trading partners. This rate serves as a standardized measure to ensure fair and equal treatment in international trade.

Quantity Unit: Kilograms (KG)

The quantity unit for measuring the imports and exports of products falling under HS Code 29224926 is kilograms (KG). This unit of measurement is used to determine the weight or volume of the pharmaceutical drugs being traded.

Special Tariff Preference Programs:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
• Australia Special Rate: Specific tariff preferences apply for imports from Australia.
• Bahrain Special Rate: Specific tariff preferences apply for imports from Bahrain.
• NAFTA for Canada: Duty-free treatment for imports from Canada under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Specific tariff preferences apply for imports from Chile.
• Africa Growth and Opportunity Act (AGOA): Duty-free treatment for imports from eligible African countries under this program.
• Caribbean Basin Initiative (CBI): Specific tariff preferences apply for imports from eligible Caribbean countries.
• Israel Special Rate: Duty-free treatment for imports from Israel under a special rate agreement.
• Andean Trade Preference Act (ATPA): Specific tariff preferences apply for imports from eligible Andean countries.
• Jordan Special Rate: Specific tariff preferences apply for imports from Jordan.
• Agreement on Trade in Pharmaceutical Products: Duty-free treatment for imports under this agreement.
• Morocco Special Rate: Specific tariff preferences apply for imports from Morocco.
• NAFTA for Mexico: Duty-free treatment for imports from Mexico under NAFTA.
• Oman Special Rate: Specific tariff preferences apply for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Specific tariff preferences apply for imports from eligible countries under this agreement.
• Peru Special Rate: Specific tariff preferences apply for imports from Peru.
• Singapore Special Rate: Specific tariff preferences apply for imports from Singapore.

Importing US States: Puerto Rico

According to the available data, Puerto Rico is the importing US state for products classified under HS Code 29224926. This indicates that Puerto Rico receives imports of aromatic amino-acids drugs and their esters from other countries.

Exporting US States: [No data available]

Unfortunately, there is no data available regarding the specific US states that export products falling under HS Code 29224926. Further information is needed to determine the exporting US states for these pharmaceutical drugs.

HS Code 29224926 represents aromatic amino-acids drugs and their esters, not containing more than one kind of oxygen function. This code helps classify and categorize these pharmaceutical products for international trade purposes. The associated duty rate, special tariff preference programs, and quantity unit provide additional details about the trade regulations and requirements for these goods. It is important for importers and exporters to understand the implications of this HS code when engaging in trade activities involving aromatic amino-acids drugs and their esters.