The HS Code 29242400: A Comprehensive Guide to Ethinamate (INN)

Ethinamate (INN) falls under the HS Code 29242400, which is a globally recognized system for classifying traded products. In this article, we will explore the details of Ethinamate (INN) and its associated HS code, along with additional information that may be relevant for importers and exporters.

Product Description

HS Code: 29242400
Product Name: Ethinamate (INN)

Ethinamate (INN) is a chemical compound used in various industries, including pharmaceuticals and research. It is primarily utilized for its sedative and hypnotic properties. This substance is classified under the HS Code 29242400, which specifically covers Ethinamate (INN) and related products.

Bound / MFN Duty Rate

According to the World Trade Organization (WTO), the bound duty rate for Ethinamate (INN) is free. This means that countries are obligated to lower trade barriers or open up their markets for this product without imposing any import duties. The bound duty rate ensures equal treatment for all trading partners.

Quantity Unit

The quantity unit for Ethinamate (INN) is kilograms (KG). This measurement is used to determine the weight of the product being imported or exported.

Special Tariff Preference Programs

Ethinamate (INN) is eligible for various special tariff preference programs, which can provide importers with preferential treatment or reduced duty rates. The following programs apply to Ethinamate (INN) based on the HS Code 29242400:

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
Bahrain Special Rate
NAFTA for Canada: Duty-free treatment
Chile Special Rate
Africa Growth and Opportunity Act (AGOA): Duty-free treatment
Caribbean Basin Initiative (CBI)
Israel Special Rate: Duty-free treatment
Andean Trade Preference Act (ATPA)
Jordan Special Rate
Agreement on Trade in Pharmaceutical Products: Duty-free treatment
Uruguay Round Concessions on Intermediate Chemicals for Dyes: Duty-free treatment
Morocco Special Rate
NAFTA for Mexico
Oman Special Rate
Dominican Republic-Central American Special Rate (DR-CAFTA)
Peru Special Rate
Singapore Special Rate: 1.1%

These special tariff preference programs offer importers the opportunity to benefit from reduced or zero-duty rates, depending on the specific program and country of import or export.

Importing US States

Importers of Ethinamate (INN) into the United States can distribute the product to various states across the country. The importing US states may include but are not limited to:

State 1
State 2
State 3
State 4
State 5

These are just a few examples, and the actual importing states may vary depending on the specific business arrangements.

Exporting US States

Exporters of Ethinamate (INN) from the United States can ship the product to various states or countries around the world. The exporting US states may include but are not limited to:

State A
State B
State C
State D
State E

These are just a few examples, and the actual exporting states may vary depending on the specific business arrangements.

Ethinamate (INN) is a chemical compound classified under the HS Code 29242400. Importers and exporters of this product should be aware of the bound duty rate, quantity unit, and special tariff preference programs that may apply. Understanding the HS code and associated information is crucial for efficient international trade and compliance with customs regulations.