The HS Code 29339100 refers to a specific category of drugs that includes Alprazolam (INN), Camazepam (INN), Chlordiazepoxide (INN), Clonazepam (INN), Clorazepate, and other specified International Nonproprietary Names (INNs) and their salts. These drugs belong to the benzodiazepine class and are commonly used for their anxiolytic (anti-anxiety) and sedative properties.
When it comes to international trade, the HS code plays a crucial role in classifying products for customs and tariff purposes. The HS code 29339100 specifically identifies this category of drugs, making it easier for customs authorities and traders to understand and regulate the import and export of these substances.
One important aspect to note is that the bound or most favored nation (MFN) duty rate for this HS code is free. This means 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. This provision promotes fair trade practices and encourages countries to treat all their trading partners equally.
The quantity unit for this HS code is kilograms (KG), which is the standard measurement used for the import and export of these drugs. It provides a standardized unit of measurement, ensuring consistency and accuracy in trade transactions.
In addition to the duty rate, there are also special tariff preference programs available for the import of products under this HS code. These programs offer preferential treatment in terms of duty-free access to certain countries. Some of the special tariff preference programs applicable to this HS code include:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost and competitiveness of their products in the international market.
When it comes to importing these drugs into the United States, the data shows that the states of Indiana, Nebraska, and Puerto Rico are the major destinations. These states have a higher demand for these substances, indicating a need for pharmaceutical companies and distributors to focus their marketing and distribution efforts in these regions.
On the other hand, the data does not provide information on the exporting states within the United States. This information would be valuable for understanding the domestic production and export capabilities of these drugs.
the HS code 29339100 represents a specific category of drugs, including Alprazolam, Camazepam, Chlordiazepoxide, and other specified INNs. It is important for traders to understand the HS code system and the special tariff preference programs available to ensure compliance and take advantage of duty-free access to certain markets. The data on importing states provides insights into the demand for these drugs in different regions, while information on exporting states would provide a more comprehensive understanding of the domestic production and export capabilities.