HS Code 29372350 refers to a specific product category labeled as "Other Estrogens and Progestins Not Derived from Animal or Vegetable Materials, nesoi". This HS code is used to classify and regulate the import and export of these substances internationally. In this article, we will explore the details of this HS code and its implications in international trade.
The product covered by HS Code 29372350 includes estrogens and progestins that are not derived from animal or vegetable materials. Estrogens and progestins are hormones that play a crucial role in various biological processes in both humans and animals. They are commonly used in pharmaceuticals, particularly in hormone replacement therapies and contraceptives.
This HS code specifically covers estrogens and progestins that are not derived from animal or vegetable sources, indicating that they are synthetically produced. The substances included under this HS code are those that do not fall into any other specific HS code for estrogens and progestins derived from animal or vegetable materials.
The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 29372350 is free. This means that when 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 and helps promote a level playing field for all countries involved.
The quantity unit for measuring products classified under HS Code 29372350 is grams (GM). This unit is used to quantify the weight of the product being imported or exported. By using a standardized unit of measurement, it becomes easier for customs authorities and traders to accurately assess the quantity and value of the goods being traded.
Special tariff preference programs may exist for products classified under HS Code 29372350. These programs are designed to provide certain trade benefits or concessions to eligible countries or regions. While the specific details of these programs may vary, they typically aim to promote economic development, encourage trade, and foster cooperation between participating countries.
HS Code 29372350 is imported into the following US states:
HS Code 29372350 is exported from the following US states:
HS Code 29372350 classifies and regulates the import and export of estrogens and progestins not derived from animal or vegetable materials. Understanding the details of this HS code is essential for businesses and individuals involved in international trade, as it helps ensure compliance with customs regulations and facilitates smooth cross-border transactions.