The HS Code 29362300 refers to the product description of Vitamin B2 (Riboflavin) and its derivatives, whether unmixed, natural or synthesized. This code is used to classify and track the import and export of this specific product.
Vitamin B2, also known as Riboflavin, is an essential nutrient that plays a crucial role in the body's energy production. It is involved in various metabolic processes and is necessary for the growth and development of the body. Riboflavin is commonly found in foods such as milk, eggs, meat, and green leafy vegetables. However, in certain cases, additional supplementation may be required to meet the body's needs.
When importing or exporting Vitamin B2 (Riboflavin) and its derivatives, it is important to understand the applicable duty rates and special tariff preference programs. The bound or MFN (Most Favored Nation) duty rate for this HS Code is free. This means that whenever 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 quantity unit for Vitamin B2 (Riboflavin) and its derivatives is measured in kilograms (KG). This unit is used to determine the volume or weight of the product being imported or exported.
Additionally, there are special tariff preference programs available for this HS Code. The countries that offer free duty treatment for imports of Vitamin B2 (Riboflavin) and its derivatives include A+, AU, BH, CA, CL, D, E, IL, J, JO, K, MA, MX, OM, P, and PE. These countries have specific agreements or trade preferences in place that allow for duty-free treatment of this product.
Furthermore, Singapore offers a special rate of 1.1% for imports of Vitamin B2 (Riboflavin) and its derivatives. This means that a small percentage of the value of the product will be applied as a duty fee when importing to Singapore.
When it comes to the United States, specific states are involved in the import and export of Vitamin B2 (Riboflavin) and its derivatives. The importing states include Delaware, Iowa, Missouri, Nebraska, Ohio, and Puerto Rico. These states have a demand for this product and are actively engaged in its importation.
On the other hand, the exporting states for Vitamin B2 (Riboflavin) and its derivatives in the United States are primarily Iowa and Puerto Rico. These states have the necessary infrastructure and resources to produce and export this product to other countries.
the HS Code 29362300 represents Vitamin B2 (Riboflavin) and its derivatives. This code is used to classify and track the import and export of this product. Understanding the duty rates and special tariff preference programs associated with this HS Code is essential for businesses and traders involved in the global trade of Vitamin B2 (Riboflavin) and its derivatives.