The HS Code 29392000 refers to alkaloids of cinchona, their derivatives, and salts thereof, excluding quinine and its salts. This code is used to classify and identify these specific products for international trade purposes. Understanding the details and implications of this HS code is crucial for importers, exporters, and policymakers.
The product description of HS Code 29392000 outlines that it includes alkaloids derived from cinchona plants, as well as their derivatives and salts. However, it specifically excludes quinine and its salts. Cinchona alkaloids have various applications, particularly in the pharmaceutical industry.
Bound / MFN duty rate: Free
The bound or most-favored-nation (MFN) duty rate for HS Code 29392000 is free. This means that no import duties or tariffs are imposed on the product when it enters a country. The free duty rate encourages international trade by eliminating barriers and reducing costs for importing countries.
It is important to note that trade barriers and duty rates can change over time. Countries may choose to lower trade barriers or open up their markets, but they must do so for the same goods or services from all their trading partners. This principle ensures fair and equal treatment in international trade.
Quantity Unit: Grams (GM)
The quantity unit for HS Code 29392000 is grams (GM). This unit of measurement is used to determine the quantity or weight of the alkaloids of cinchona and their derivatives being imported or exported. Grams are commonly used in the pharmaceutical and chemical industries for precise measurement.
HS Code 29392000 is eligible for various special tariff preference programs. These programs provide preferential treatment or exemptions from import duties for specific countries. The following countries have special tariff rates for this HS code:
These special rates and programs aim to promote trade and economic cooperation between the countries involved. Importers and exporters can take advantage of these preferential treatments to reduce costs and enhance competitiveness in the international market.
Importing US States: North Carolina, Nevada
Exporting US States: Puerto Rico, Indiana
HS Code 29392000 is imported into the United States by North Carolina and Nevada. These states have active import trade in alkaloids of cinchona and their derivatives. On the other hand, Puerto Rico and Indiana are the main exporting states for this HS code. They are actively engaged in exporting these products to other countries.
Understanding the import and export patterns of specific HS codes can provide valuable insights into the global trade dynamics and the economic activities of different regions.
HS Code 29392000 represents alkaloids of cinchona and their derivatives. This code is used for international trade classification and determines import duty rates, quantity units, and eligibility for special tariff programs. Importers, exporters, and policymakers must be familiar with the details of this HS code to facilitate smooth and efficient trade operations.