The Harmonized System (HS) code 29372910 refers to the specific classification for two pharmaceutical substances: Desonide and Nandrolone phenpropionate. This code is used internationally to standardize the classification and identification of different products for trade purposes.
Desonide is a corticosteroid used primarily in dermatology to treat various skin conditions, including eczema, dermatitis, and psoriasis. It works by reducing inflammation and suppressing the immune response in the affected area. Nandrolone phenpropionate, on the other hand, is an anabolic steroid used for its muscle-building and performance-enhancing properties.
When it comes to trade, the HS code 29372910 plays a crucial role in facilitating the import and export of these pharmaceutical substances. It helps customs authorities and traders worldwide to identify and classify these products correctly, ensuring compliance with regulations and smooth international trade.
The bound / MFN (Most Favored Nation) duty rate is an important aspect of international trade agreements. It refers to the rate of customs duty that a country applies to imported goods or services from its trading partners. In the case of HS code 29372910, the bound / MFN duty rate 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. In other words, countries cannot discriminate against specific trading partners by imposing higher tariffs or other barriers on their imports.
The free duty rate for HS code 29372910 encourages trade and promotes fair competition among countries. It allows pharmaceutical companies to export Desonide and Nandrolone phenpropionate without facing excessive tariffs, making these products more accessible and affordable in global markets.
The quantity unit for HS code 29372910 is grams (GM). This means that the measurements and pricing of Desonide and Nandrolone phenpropionate are based on their weight in grams. Grams are a commonly used unit of measurement in the pharmaceutical industry, ensuring accuracy and consistency in trade transactions.
Special tariff preference programs can provide additional benefits and incentives for the import and export of specific products. While the available information does not mention any specific programs related to HS code 29372910, it is worth noting that various countries and regional trade agreements may offer preferential treatment for certain pharmaceutical products.
Based on the data provided, the following US states are involved in the import and export of products classified under HS code 29372910:
This information highlights the geographical distribution of trade activities related to Desonide and Nandrolone phenpropionate within the United States. It also indicates the importance of these pharmaceutical substances in the healthcare and pharmaceutical industries of these states.
HS code 29372910 is a specific classification for Desonide and Nandrolone phenpropionate, two pharmaceutical substances used for different purposes. The code facilitates international trade by providing a standardized identification system and ensuring compliance with customs regulations. The free duty rate and the quantity unit of grams further contribute to the smooth import and export of these products. While no specific special tariff preference programs are mentioned, various trade agreements may offer additional benefits for pharmaceutical products. Finally, the involvement of North Carolina, Puerto Rico, and Indiana in importing and exporting these substances showcases their significance in the US pharmaceutical trade.