The HS Code 29381000 refers to the product Rutoside (Rutin) and its derivatives. This code is used to classify and identify this specific product for international trade purposes. Understanding the HS code is important for importers, exporters, and customs officials to ensure proper classification and documentation.
Rutoside, also known as Rutin, is a flavonoid found in many plants and fruits. It is known for its antioxidant and anti-inflammatory properties, making it a popular ingredient in dietary supplements and pharmaceutical products. Its derivatives are also used in various industries, including cosmetics, food, and beverages.
When importing or exporting products classified under HS Code 29381000, it is essential to be aware of the associated duty rates. The bound or Most Favored Nation (MFN) duty rate for this code is 1.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate applies to the value of the imported or exported product.
The quantity unit for HS Code 29381000 is kilograms (KG). This unit of measurement is used to determine the weight of the product being imported or exported. It is essential to accurately declare the quantity to ensure compliance with customs regulations.
There are also special tariff preference programs available for products classified under HS Code 29381000. These programs offer duty-free treatment for eligible countries. Some of the special tariff preference programs for Rutoside (Rutin) and its derivatives include:
When importing products classified under HS Code 29381000 to the United States, specific states may have a higher demand. For example, North Carolina and Nevada are known for their pharmaceutical manufacturing industries, and they may have a higher import volume for Rutoside (Rutin) and its derivatives.
On the other hand, Puerto Rico and Indiana are among the exporting states for products classified under HS Code 29381000. Puerto Rico, in particular, may have a significant export volume due to its pharmaceutical manufacturing facilities and its status as a U.S. territory with favorable trade agreements.
the HS Code 29381000 is used to classify and identify Rutoside (Rutin) and its derivatives for international trade. Understanding the HS code, duty rates, and special tariff preference programs is crucial for importers, exporters, and customs officials to ensure compliance and facilitate trade. The associated importing and exporting states provide insights into the demand and supply of this product within the United States.