Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29411050: Penicillins and their derivatives nesoi

Penicillins are a class of antibiotics that have revolutionized the field of medicine. They are widely used to treat various bacterial infections and have saved countless lives since their discovery. The HS code 29411050 specifically refers to penicillins and their derivatives with a penicillanic acid structure, including their salts.

When importing or exporting products classified under HS code 29411050, it is important to understand the regulations and tariffs associated with them. Let's delve deeper into the details:

Product Description

The product description for HS code 29411050 is "Penicillins and their derivatives nesoi, with a penicillanic acid structure; salts thereof." This encompasses a wide range of penicillin-based antibiotics and their various forms.

Bound / MFN Duty Rate

The bound duty rate for products classified under HS code 29411050 is free. This means that there is no tariff imposed on these goods when trading between countries. It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that the same goods or services receive equal treatment from all trading partners.

Quantity Unit

The quantity unit for HS code 29411050 is kilograms (KG). This unit of measurement is used to determine the weight of the product being imported or exported.

Special Tariff Preference Programs

Several special tariff preference programs grant duty-free treatment for products classified under HS code 29411050. These programs aim to promote trade and economic cooperation between countries. The following are the countries and programs that offer special rates:

• Generalized System of Preferences (GSP): This program provides duty-free treatment for eligible products imported from various countries.
• Australia Special Rate
• Bahrain Special Rate
• NAFTA for Canada: Products traded between Canada and the United States under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
• Chile Special Rate
• Caribbean Basin Initiative (CBI)
• Israel Special Rate: Products imported from Israel receive duty-free treatment.
• Andean Trade Preference Act (ATPA)
• Jordan Special Rate
• Agreement on Trade in Pharmaceutical Products: Products falling under this agreement receive duty-free treatment.
• Morocco Special Rate
• NAFTA for Mexico
• Oman Special Rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru Special Rate
• Singapore Special Rate

Importing and Exporting US States

Products classified under HS code 29411050 can be imported and exported to and from various US states. The specific states involved in these trade activities may vary based on market demand and supply. It is essential for businesses to be aware of the regulations and requirements of each state when engaging in trade related to penicillins and their derivatives.

HS code 29411050 represents penicillins and their derivatives with a penicillanic acid structure, including salts. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for businesses engaged in the import and export of these products. Compliance with regulations and taking advantage of duty-free treatment can significantly benefit trade activities involving penicillins and their derivatives.