The HS Code 29362200 refers to Vitamin B1 (Thiamine) and its derivatives, which can be either unmixed, natural, or synthesized. This article will provide an extensive overview of the product description, duty rates, special tariff preference programs, and importing/exporting US states associated with this HS code.
Vitamin B1, also known as Thiamine, is an essential nutrient that plays a crucial role in maintaining proper functioning of the nervous system and metabolism. It is necessary for the conversion of carbohydrates into energy and is involved in the synthesis of neurotransmitters.
The HS Code 29362200 covers both natural and synthesized forms of Vitamin B1, including its derivatives. This code ensures that the product is properly classified for international trade purposes.
The bound or MFN (Most Favored Nation) duty rate for HS Code 29362200 is free. 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. This encourages fair and equal treatment in international trade.
The quantity unit for Vitamin B1 (Thiamine) and its derivatives is kilograms (KG). This unit of measurement is commonly used in international trade to determine the quantity of imported or exported goods.
HS Code 29362200 is eligible for various special tariff preference programs that offer reduced or duty-free rates. The following countries and agreements provide special rates for imports of Vitamin B1 (Thiamine) and its derivatives:
These special tariff preference programs aim to promote trade and economic development between countries by reducing or eliminating import duties.
The following US states are known for importing Vitamin B1 (Thiamine) and its derivatives under HS Code 29362200:
These states have recognized the importance of Vitamin B1 and its derivatives in various industries and have actively engaged in importing these products.
On the other hand, the primary US states known for exporting Vitamin B1 (Thiamine) and its derivatives under HS Code 29362200 are:
These states have established a strong presence in the production and export of Vitamin B1 and its derivatives, contributing to the global supply chain.
HS Code 29362200 encompasses Vitamin B1 (Thiamine) and its derivatives, which are essential nutrients with various applications. Understanding the product description, duty rates, special tariff preference programs, and the involvement of different US states in import and export activities can provide valuable insights into the international trade dynamics surrounding this HS code.