The HS Code 29343027 refers to other drugs containing a phenothiazine ring system (whether or not hydrogenated), not further fused, nesoi. This code is used to classify and identify specific drugs that fall within this category. It is important for importers and exporters to understand the implications and regulations associated with this HS code.
The bound/MFN duty rate for products falling under HS Code 29343027 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 applies to the value of the imported goods and is calculated as a percentage of that value.
The quantity unit for products under this HS code is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods.
There are several special tariff preference programs that apply to products classified under HS Code 29343027. These programs provide certain countries with preferential treatment or duty-free access. The countries eligible for these special rates include A+, AU, BH, CA, CL, D, E, IL, J, JO, K, MA, MX, OM, P, PE, and SG. These countries have specific agreements or trade preferences that exempt them from paying duties on imports of drugs falling under this HS code.
In the United States, the states that import products classified under HS Code 29343027 include Delaware, Puerto Rico, Indiana, and Nebraska. These states import these drugs for various reasons, including medical and pharmaceutical purposes. It is important for importers and exporters to be aware of the specific regulations and requirements associated with importing or exporting these drugs in these states.
On the other hand, the exporting US state for products under HS Code 29343027 is Missouri. This means that Missouri is the primary source of these drugs for international trade.
HS Code 29343027 refers to other drugs containing a phenothiazine ring system. Importers and exporters must adhere to the specific regulations and requirements associated with this HS code, including duty rates and special tariff preference programs. Understanding the import and export activity by state is also important in order to facilitate trade and ensure compliance with applicable laws and regulations.