Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29391950: Nonsynthetic Alkaloids of Opium and Their Derivatives

The HS Code 29391950 refers to nonsynthetic alkaloids of opium and their derivatives, including salts thereof, not elsewhere specified. This code is used to classify and regulate the import and export of these products. In this article, we will delve deeper into the product description, duty rates, special tariff preference programs, and the states involved in importing and exporting this commodity.

Product Description

Nonsynthetic alkaloids of opium and their derivatives are chemical compounds derived from opium. Opium is a natural substance extracted from the sap of the opium poppy plant. These alkaloids have various pharmaceutical uses, such as pain relief and treatment for certain medical conditions. The derivatives may include different forms or compositions of these alkaloids.

Bound / MFN Duty Rate

The bound duty rate for HS Code 29391950 is free. The Most Favored Nation (MFN) duty rate implies 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. This promotes fair and equal trade practices among nations.

Quantity Unit

The quantity unit for this HS Code is grams (GM). This means that the measurement and pricing of the product are based on the weight in grams.

Special Tariff Preference Programs

Several special tariff preference programs are applicable to the import or export of products under HS Code 29391950. These programs offer specific benefits or exemptions in terms of duty rates. The following countries and agreements provide special rates:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries.
• Australia: Offers a special rate for the import of these products.
• Bahrain: Provides a special rate for the import of these products.
• Canada (NAFTA): Grants duty-free treatment for the import of these products.
• Chile: Offers a special rate for the import of these products.
• Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible countries.
• Israel: Offers duty-free treatment for the import of these products.
• Andean Trade Preference Act (ATPA): Grants duty-free treatment for eligible countries.
• Jordan: Provides a special rate for the import of these products.
• Agreement on Trade in Pharmaceutical Products: Offers duty-free treatment for eligible countries.
• Morocco: Provides a special rate for the import of these products.
• Mexico (NAFTA): Grants duty-free treatment for the import of these products.
• Oman: Offers a special rate for the import of these products.
• Dominican Republic-Central American (DR-CAFTA): Provides duty-free treatment for eligible countries.
• Peru: Offers a special rate for the import of these products.
• Singapore: Provides a special rate for the import of these products.

These special tariff preference programs aim to facilitate trade and promote economic cooperation between countries by reducing or eliminating tariff barriers.

Importing US States

The following US states are involved in importing products classified under HS Code 29391950:

• North Carolina
• Nevada

Exporting US States

The following US states are involved in exporting products classified under HS Code 29391950:

• Puerto Rico
• Indiana
• Puerto Rico
• Puerto Rico
• Puerto Rico
• Puerto Rico

These states play a significant role in the international trade of nonsynthetic alkaloids of opium and their derivatives, either as importers or exporters.

HS Code 29391950 encompasses nonsynthetic alkaloids of opium and their derivatives, including salts thereof. The code is used to regulate the import and export of these products, with various duty rates and special tariff preference programs applicable. Understanding the classification and regulations surrounding this HS Code is essential for businesses involved in the trade of these pharmaceutical substances.