The HS Code 29331935 refers to aromatic or modified aromatic drugs of heterocyclic compounds with nitrogen hetero-atoms only containing an unfused pyrazole ring. This code is used to classify and identify specific pharmaceutical products for international trade purposes. Understanding the HS code is essential for importers, exporters, and customs authorities to ensure proper classification, taxation, and regulation of these drugs.
The product description of HS Code 29331935 specifies that it includes drugs that are aromatic or modified aromatic in nature. These drugs are derived from heterocyclic compounds and contain nitrogen hetero-atoms. The drugs in this category are characterized by having an unfused pyrazole ring. Pyrazole is a five-membered aromatic heterocyclic compound containing two nitrogen atoms in the ring structure.
When importing or exporting goods classified under HS Code 29331935, it is important to be aware of the duty rates associated with this code. The bound or most favored nation (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 must do so for the same goods or services from all its trading partners. The duty rate of 6.5% is applicable to all imports and exports of aromatic or modified aromatic drugs of heterocyclic compounds with an unfused pyrazole ring.
The quantity unit for HS Code 29331935 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported drugs. It is important for customs authorities and traders to accurately declare the weight of the goods to ensure proper taxation and regulation.
There are several special tariff preference programs associated with HS Code 29331935. These programs provide specific benefits and exemptions for certain countries. The countries eligible for special tariff preference programs for this HS code include:
These special tariff preference programs provide exemptions or reduced duty rates for countries that qualify under specific trade agreements or arrangements. Importers and exporters should familiarize themselves with the requirements and conditions of these programs to take advantage of the benefits.
Based on the available data, the importing US states for HS Code 29331935 are Indiana, New Jersey, and Nebraska. These states have been identified as destinations for the importation of aromatic or modified aromatic drugs of heterocyclic compounds with an unfused pyrazole ring. It is important for traders and customs authorities to be aware of the specific states involved in the importation process to ensure compliance with local regulations and taxation requirements.
Exporting US states for HS Code 29331935 are not provided in the available data. However, it is essential for exporters to be aware of the specific states involved in the exportation process to ensure compliance with local regulations and documentation requirements.
HS Code 29331935 represents aromatic or modified aromatic drugs of heterocyclic compounds with nitrogen hetero-atoms only containing an unfused pyrazole ring. This code is used for the classification, taxation, and regulation of these pharmaceutical products in international trade. Importers, exporters, and customs authorities should be familiar with the specific details, duty rates, and special tariff preference programs associated with this HS code to facilitate smooth and compliant trade transactions.