The HS Code 29242962 refers to a specific product category known as "Other aromatic cyclic amides and derivatives for use as drugs." This code is used to classify and identify these specific types of substances in international trade. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and importing and exporting US states.
The product description for HS Code 29242962 is "Other aromatic cyclic amides and derivatives for use as drugs." This code is used to classify a wide range of substances that fall under this category. Aromatic cyclic amides and derivatives are organic compounds that possess a cyclic structure with an amide functional group. These substances are commonly used in the pharmaceutical industry for various medical purposes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29242962 is 6.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 6.5% to all its trading partners for the goods or services falling under this HS code. The duty rate is a percentage of the value of the imported goods and is paid by the importer to the customs authorities.
The quantity unit for HS Code 29242962 is kilograms (KG). This unit of measurement is used to quantify the weight or mass of the imported or exported goods falling under this HS code. It provides a standardized way to measure and compare the quantity of these substances in international trade.
HS Code 29242962 is eligible for various special tariff preference programs, which provide certain countries with preferential treatment in terms of duty rates. The following special tariff preference programs apply to this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties for eligible goods.
Currently, the available data does not provide specific information regarding the importing US states for HS Code 29242962. However, it is important to note that this HS code can be imported into any US state, subject to applicable customs regulations and requirements. Importers located in Nebraska or any other state can bring in goods falling under this HS code.
Unfortunately, the available data does not provide specific information about the exporting US states for HS Code 29242962. However, it is essential to understand that goods falling under this HS code can be exported from any US state to international markets, subject to relevant export regulations and requirements.
HS Code 29242962 is used to classify "Other aromatic cyclic amides and derivatives for use as drugs" in international trade. This code helps in identifying and categorizing these substances for customs and regulatory purposes. Understanding the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and importing and exporting US states, is crucial for businesses engaged in the import and export of these substances.