The HS Code 29350048 refers to a specific category of products known as Other Sulfonamides Used as Anti-Infective Agents. This code is used to classify and identify goods during international trade, making it easier for customs officials to determine the nature and purpose of imported or exported products.
These sulfonamides are chemical compounds that have antimicrobial properties and are used to treat various types of infections caused by bacteria. They work by inhibiting the growth and reproduction of bacteria, helping the body's immune system fight off the infection more effectively.
When it comes to trade, the HS Code 29350048 is important for customs authorities and traders alike. It allows for accurate identification and classification of these anti-infective agents, ensuring that the correct tariffs and import/export regulations are applied. Let's explore more details about this HS code.
The product description for HS Code 29350048 is "Other sulfonamides used as anti-infective agents." This description indicates that the code covers a broad range of sulfonamide compounds that are specifically used for their anti-infective properties. These compounds are commonly used in the pharmaceutical industry for the production of antibiotics.
Sulfonamides have been used as antimicrobial agents since the 1930s and have played a crucial role in combating various bacterial infections. They are effective against a wide range of bacteria, including both gram-positive and gram-negative species.
The bound or MFN (Most Favored Nation) duty rate for HS Code 29350048 is 6.5%. 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. The 6.5% duty rate is applied to the value of the imported goods and is payable by the importer when the goods enter the country.
The duty rate is an important factor for importers and exporters to consider when engaging in international trade. It affects the cost of imported goods and can impact the competitiveness of products in foreign markets.
The quantity unit for HS Code 29350048 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported sulfonamide products.
Using kilograms as the quantity unit allows for standardized and consistent measurements across different countries and trading partners. It simplifies the process of calculating import/export duties and facilitates accurate record-keeping.
HS Code 29350048 is eligible for various special tariff preference programs that provide preferential treatment or duty-free access to certain countries. Here are some of the programs applicable to this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on certain goods. They provide opportunities for businesses to access new markets and benefit from competitive advantages.
HS Code 29350048 is imported into the following US states:
These states have a demand for Other Sulfonamides Used as Anti-Infective Agents and actively engage in importing these products for various purposes, such as healthcare, research, and pharmaceutical production.
HS Code 29350048 is exported from the following US states:
These states are actively involved in the production and export of Other Sulfonamides Used as Anti-Infective Agents. They have the necessary infrastructure and resources to manufacture these products and meet the demand in international markets.
HS Code 29350048 plays a crucial role in the international trade of Other Sulfonamides Used as Anti-Infective Agents. It helps customs authorities and traders accurately classify and identify these products, determine the applicable duty rates, and benefit from special tariff preference programs. Understanding this HS code is essential for businesses involved in the import and export of anti-infective agents and ensures compliance with trade regulations and requirements.