HS Code 29331100: Phenazone (Antipyrine) and its Derivatives
Phenazone (Antipyrine) and its derivatives are classified under HS Code 29331100. This code is used to identify and classify these specific pharmaceutical products for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs. We will also discuss the importing and exporting US states for this product.
Product Description:
Phenazone, also known as Antipyrine, and its derivatives are pharmaceutical substances that have various medical applications. These substances are commonly used as analgesics (pain relievers), antipyretics (fever reducers), and local anesthetics. They are often found in over-the-counter medications and prescription drugs for the relief of mild to moderate pain and fever.
Bound / MFN Duty Rate:
The bound / MFN duty rate for products classified under HS Code 29331100 is 6.5%. This rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners are subjected to the same duty rate.
Quantity Unit:
The quantity unit for HS Code 29331100 is kilograms (KG). This unit of measurement is used to quantify the weight of Phenazone (Antipyrine) and its derivatives being imported or exported.
Special Tariff Preference Programs:
Certain countries have special tariff preference programs in place that offer preferential treatment for imports of Phenazone (Antipyrine) and its derivatives. These programs allow for duty-free treatment or reduced duty rates, providing benefits to both the importing country and the exporting country. The following countries have special tariff preference programs for this HS code:
- Free: Generalized System of Preferences (GSP) (duty-free treatment)
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- 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)
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
These special tariff preference programs aim to promote trade and strengthen economic ties between countries by providing incentives for the importation of Phenazone (Antipyrine) and its derivatives.
Importing US States:
Phenazone (Antipyrine) and its derivatives are imported into various US states. The following states are known for importing this product:
- Indiana
- New Jersey
These states have a demand for Phenazone (Antipyrine) and its derivatives, and import them to meet the needs of their healthcare systems and consumers.
Exporting US States:
The data provided does not specify the exporting US states for Phenazone (Antipyrine) and its derivatives. However, it is likely that pharmaceutical manufacturers and distributors from various states across the country are involved in exporting these products to meet the global demand.
HS Code 29331100 represents Phenazone (Antipyrine) and its derivatives, which are pharmaceutical substances used for pain relief and fever reduction. This code is used for international trade purposes, facilitating the classification and identification of these products. The duty rates, quantity unit, and special tariff preference programs associated with this HS code are crucial in determining the cost and benefits of importing or exporting Phenazone (Antipyrine) and its derivatives.
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