The HS Code 29335300 refers to a specific product category that includes various barbiturates and their salts. In this educational article, we will explore the details of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs. Let's dive in!
The products covered under HS Code 29335300 include allobarbital (INN), amobarbital (INN), barbital (INN), butalbital (INN), butobarbital, and other specified International Nonproprietary Names (INNs) along with their salts.
Barbiturates are a class of drugs that act as central nervous system depressants. They are commonly used as sedatives, hypnotics, and anticonvulsants. These substances have various medical and therapeutic applications but are also controlled substances due to their potential for abuse.
The bound and most favored nation (MFN) duty rate for products classified under HS Code 29335300 is free. This means that there are no import duties imposed on these products when traded between countries. The principle of MFN ensures that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for products falling under HS Code 29335300 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported products.
There are several special tariff preference programs applicable to products classified under HS Code 29335300. These programs offer preferential treatment in terms of duty rates based on specific eligibility criteria. Here are some of the notable programs:
Based on the available data, the state of Missouri is both a major importer and exporter of products falling under HS Code 29335300. The import and export activities are primarily concentrated in Missouri and Puerto Rico.
It is important for businesses and individuals involved in the trade of products covered by this HS code to be aware of the specific regulations, duty rates, and eligibility criteria associated with their importing and exporting activities. Staying informed about the latest updates and changes in trade policies can help optimize trade operations and ensure compliance with applicable regulations.
HS Code 29335300 covers various barbiturates and their salts used for medical and therapeutic purposes. The duty rates for these products are typically free, and there are several special tariff preference programs available for eligible imports. It is crucial for businesses and traders to be well-informed about the regulations and requirements associated with this HS code to facilitate smooth trade operations.