Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29333931: Psychotherapeutic Agents of Heterocyclic Compounds

Psychotherapeutic agents play a crucial role in the treatment of various mental health conditions. Among these agents, there are heterocyclic compounds with nitrogen hetero-atom(s) only, containing an unfused pyridine ring. These compounds are classified under HS Code 29333931, and they offer effective solutions for individuals struggling with mental health disorders.

Understanding the Product Description

The HS Code 29333931 specifically refers to psychotherapeutic agents that fall under the category of heterocyclic compounds. These compounds are characterized by the presence of nitrogen hetero-atom(s) only and contain an unfused pyridine ring. While the code itself may seem complex, it helps in accurately identifying and categorizing these psychotherapeutic agents for trade and regulatory purposes.

Duty Rates and Trade Barriers

When it comes to international trade, duty rates play a significant role. The bound or most-favored nation (MFN) duty rate for HS Code 29333931 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 ensures fair trade practices and encourages equal treatment for psychotherapeutic agents across different countries.

Quantity Unit

The quantity unit for HS Code 29333931 is kilograms (KG). This unit of measurement helps in accurately quantifying the amount of psychotherapeutic agents being imported or exported. It ensures consistency in trade data and facilitates efficient inventory management.

Special Tariff Preference Programs

Several special tariff preference programs exist for HS Code 29333931, providing certain benefits and exemptions for importers and exporters. Here are some of the notable programs:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under this subheading receive duty-free treatment.
• Australia Special Rate: Australia offers a special rate for imports under this HS code.
• Bahrain Special Rate: Bahrain provides a special rate for imports falling under this category.
• NAFTA for Canada: Psychotherapeutic agents imported from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Chile offers a special rate for imports of these agents.
• Africa Growth and Opportunity Act (AGOA): Imports from eligible countries under AGOA receive duty-free treatment.
• Caribbean Basin Initiative (CBI): Imports from eligible countries under CBI receive duty-free treatment.
• Israel Special Rate: Israel provides duty-free treatment for imports under this HS code.
• Andean Trade Preference Act (ATPA): Psychotherapeutic agents imported from countries eligible for ATPA receive duty-free treatment.
• Jordan Special Rate: Jordan offers a special rate for imports of these agents.
• Agreement on Trade in Pharmaceutical Products: Imports falling under this agreement receive duty-free treatment.
• Morocco Special Rate: Morocco provides a special rate for imports under this category.
• NAFTA for Mexico: Psychotherapeutic agents imported from Mexico receive duty-free treatment under NAFTA.
• Oman Special Rate: Oman offers a special rate for imports of these agents.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Psychotherapeutic agents imported from DR-CAFTA countries receive a special rate.
• Peru Special Rate: Peru provides a special rate for imports under this category.
• Singapore Special Rate: Singapore offers a special rate of 1% for these imports.

Importing and Exporting US States

While HS Code 29333931 covers the import and export of psychotherapeutic agents, it is important to note the specific states involved. Here are some examples:

Importing US States:

• Missouri
• Missouri
• Missouri
• Missouri
• Missouri
• Missouri
• Missouri
• Missouri
• Missouri

Exporting US States:

• Missouri
• Puerto Rico
• Missouri
• Puerto Rico
• Missouri
• Puerto Rico
• Missouri
• Puerto Rico
• Missouri
• Puerto Rico
• Missouri
• Puerto Rico
• Missouri
• Puerto Rico
• Missouri
• Puerto Rico
• Missouri
• Puerto Rico

HS Code 29333931 plays a vital role in categorizing and regulating the import and export of psychotherapeutic agents. It ensures fair trade practices, provides special tariff preferences, and facilitates accurate data analysis. Understanding the intricacies of this HS code is essential for individuals and organizations involved in the trade of psychotherapeutic agents.