Egg phospholipids are a type of lipid molecule that can be extracted from eggs. They have various applications in the pharmaceutical industry, particularly in the production of intravenous fat emulsions. The HS Code 29232010 specifically refers to purified egg phospholipids that meet the rigorous requirements set by the U.S. Food and Drug Administration (FDA) for use in intravenous fat emulsions.
When it comes to international trade, the HS Code plays a crucial role in classifying products and determining the applicable duties and regulations. In the case of HS Code 29232010, it helps identify and categorize purified egg phospholipids for customs and regulatory purposes.
The bound or MFN (Most Favored Nation) duty rate for HS Code 29232010 is free. This means that countries are not required to impose any import duties on this particular product. The principle behind the MFN duty rate is that whenever 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 promotes fair and equal treatment in international trade.
The quantity unit for HS Code 29232010 is kilograms (KG). This means that the product is typically measured and traded in kilograms.
In addition to the MFN duty rate, there are also special tariff preference programs for HS Code 29232010. These programs provide additional benefits and exemptions for certain countries. For example, the Generalized System of Preferences (GSP) offers duty-free treatment for this product. Other countries with special rates for purified egg phospholipids include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central America (under DR-CAFTA), Peru, and Singapore.
When it comes to importing HS Code 29232010 into the United States, Puerto Rico is listed as the main destination. This indicates that the product is primarily imported into Puerto Rico. However, North Carolina is also mentioned as an importing state, suggesting that there may be some demand for this product in that region as well.
Exporting states within the United States are not specified in the provided data. However, it can be inferred that the product is exported from various states to meet the demand in Puerto Rico and potentially other markets.
HS Code 29232010 represents purified egg phospholipids that meet the requirements of the U.S. FDA for use in intravenous fat emulsion. This product is classified under the HS Code system, which helps facilitate international trade by providing a standardized classification and tariff framework. With a MFN duty rate of free and various special tariff preference programs, this product enjoys favorable treatment in many countries. Its main importing destination is Puerto Rico, with potential demand in North Carolina as well.