Vitamin C, also known as ascorbic acid, is an essential nutrient that plays a crucial role in many bodily functions. It is essential for the growth, development, and repair of all body tissues. Vitamin C is found in various fruits and vegetables, but it can also be synthesized in a laboratory.
HS Code 29362700 refers to unmixed vitamin C (ascorbic acid) and its derivatives, whether natural or synthesized. This code is used to classify and track the import and export of this specific product.
When it comes to trade barriers and market access, countries are often required to lower their trade barriers or open up their markets for the same goods or services from all their trading partners. This is known as the Most Favored Nation (MFN) duty rate. In the case of HS Code 29362700, the MFN duty rate is free, meaning there are no additional duties or tariffs imposed on imports or exports of this product.
The quantity unit for HS Code 29362700 is kilograms (KG). This unit is used to measure the weight of the product being imported or exported.
There are also special tariff preference programs that offer different duty rates for imports of HS Code 29362700 from specific countries. Some of these programs include:
These special tariff preference programs allow for duty-free treatment or reduced duty rates for imports of HS Code 29362700 from specific countries. For example, imports from least-developed beneficiary developing countries eligible for the Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
HS Code 29362700 is imported into various US states, including Delaware, Iowa, Missouri, Nebraska, Ohio, and Puerto Rico. These states serve as entry points for the importation of this product into the United States.
On the other hand, HS Code 29362700 is exported from Iowa and Puerto Rico. These states serve as the origin of the exportation of this product from the United States to other countries.
HS Code 29362700 represents unmixed vitamin C (ascorbic acid) and its derivatives, whether natural or synthesized. This code is used to classify and track the import and export of this product. Various tariff preference programs offer duty-free treatment or reduced duty rates for imports of this product from specific countries. Understanding the HS code and its associated data is essential for importers, exporters, and policymakers involved in international trade of vitamin C and its derivatives.