The HS Code 29225014 refers to a specific category of pharmaceutical products known as Other Aromatic Cardiovascular Drugs of Amino-Compounds with Oxygen Function. These drugs are used in the treatment of various cardiovascular conditions and are classified under this specific HS code for international trade purposes.
When importing or exporting these drugs, it is important to be familiar with the relevant HS code to ensure proper classification and compliance with customs regulations. The HS Code 29225014 helps customs authorities to accurately identify and categorize these products, facilitating international trade.
Bound / MFN duty rate for this HS code is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate of 6.5% applies to the value of the imported goods for countries that do not have any special tariff preference programs in place.
The quantity unit for these drugs is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported products. It is important to accurately declare the quantity in kilograms to ensure proper valuation and compliance with customs requirements.
There are several special tariff preference programs in place for the importation of products classified under HS Code 29225014. These programs provide certain countries with preferential treatment, including duty-free or reduced duty rates. The following countries or regions have special tariff preferences for these drugs:
These countries have established special trade agreements or programs that allow for duty-free treatment or reduced duty rates for imports of these drugs. This can significantly benefit importers from these countries and encourage trade in the pharmaceutical sector.
When it comes to importing these drugs into the United States, the data shows that Puerto Rico and North Carolina are the main states involved in the importation. Puerto Rico is particularly prominent, with multiple entries indicating a significant volume of imports from this territory.
the HS Code 29225014 is an essential classification for Other Aromatic Cardiovascular Drugs of Amino-Compounds with Oxygen Function in international trade. It helps customs authorities and traders accurately identify and categorize these products, ensuring compliance with customs regulations. Importers and exporters should be aware of the duty rates and special tariff preference programs associated with this HS code to optimize their trade activities.