HS Code 29362400: An Extensive Guide on Vitamin B3 and B5

Vitamin B3 or B5 (d- or dl-Pantothenic acid) and its derivatives, unmixed, natural or synthesized, fall under the HS Code 29362400. This article provides an extensive guide on this HS code, covering its product description, duty rates, special tariff preference programs, quantity unit, and the states involved in importing and exporting this product.

Product Description

The HS Code 29362400 encompasses Vitamin B3 or B5 (d- or dl-Pantothenic acid) and its derivatives. This includes both natural and synthesized forms of the vitamin, as long as they remain unmixed.

Duty Rates

The bound / MFN duty rate for products under HS Code 29362400 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. As a result, there are no additional duties imposed on imports of Vitamin B3 or B5 and its derivatives.

Quantity Unit

The quantity unit for products classified under HS Code 29362400 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods.

Special Tariff Preference Programs

Under HS Code 29362400, there are several special tariff preference programs that affect the duty rates for importing countries. These programs include:

Free: Only imports from least-developed beneficiary developing countries eligible for GSP under that subheading (duty-free treatment)
Australia Special Rate
Bahrain Special Rate
NAFTA for Canada (duty-free treatment)
Chile Special Rate
Africa Growth and Opportunity Act (AGOA) (duty-free treatment)
Caribbean Basin Initiative (CBI)
Israel Special Rate (duty-free treatment)
Andean Trade Preference Act (ATPA)
Jordan Special Rate
Agreement on Trade in Pharmaceutical Products (duty-free treatment)
Morocco Special Rate
NAFTA for Mexico
Oman Special Rate
Dominican Republic-Central American Special Rate (DR-CAFTA)
Peru Special Rate
Singapore Special Rate (1.1%)

These special tariff preference programs may vary the duty rates for specific countries, offering duty-free treatment or reduced rates depending on the program and country involved.

Importing US States

The US states that import products classified under HS Code 29362400 include:

Delaware
Iowa
Missouri
Nebraska
Ohio
Puerto Rico

These states engage in the importation of Vitamin B3 or B5 and its derivatives.

Exporting US States

On the other hand, the US states involved in exporting products under HS Code 29362400 are:

Iowa
Puerto Rico

These states are responsible for exporting Vitamin B3 or B5 and its derivatives to other countries.

Overall, HS Code 29362400 covers Vitamin B3 or B5 (d- or dl-Pantothenic acid) and its derivatives, providing essential information on its product description, duty rates, special tariff preference programs, and the states involved in both importing and exporting. Understanding this HS code is crucial for businesses and individuals involved in the trade of these vitamin products.