Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29414000: A Comprehensive Guide to Chloramphenicol and Its Derivatives

The Harmonized System (HS) Code 29414000 refers to a specific category of products known as Chloramphenicol and their derivatives, including their salts. This article aims to provide an extensive overview of this HS Code and its implications in international trade.

Product Description

Chloramphenicol is a broad-spectrum antibiotic that was first discovered in the late 1940s. It is commonly used in the treatment of various bacterial infections, including respiratory, urinary tract, and meningitis. Chloramphenicol derivatives are modified forms or variations of the original compound that possess similar therapeutic properties.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate associated with HS Code 29414000 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. The duty-free treatment encourages fair and equal trade practices among countries.

Quantity Unit

The quantity unit for products classified under HS Code 29414000 is kilograms (KG). This unit of measurement is used to determine the weight of the Chloramphenicol or its derivatives being imported or exported.

Special Tariff Preference Programs

Several special tariff preference programs provide specific countries with preferential treatment for products falling under HS Code 29414000. The following countries enjoy duty-free treatment under these programs:

• Generalized System of Preferences (GSP): This program grants duty-free treatment to eligible countries, promoting economic growth and development.
• Australia Special Rate
• Bahrain Special Rate
• NAFTA for Canada: The North American Free Trade Agreement provides duty-free treatment between Canada, the United States, and Mexico.
• Chile Special Rate
• Caribbean Basin Initiative (CBI)
• Israel Special Rate: This program offers duty-free treatment to products originating from Israel.
• Andean Trade Preference Act (ATPA)
• Jordan Special Rate
• 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

HS Code 29414000 applies to both importing and exporting activities involving the United States. It is important for importers and exporters to be aware of the regulations and requirements associated with this HS Code, as well as any additional documentation or permits that may be necessary.

HS Code 29414000 encompasses Chloramphenicol and its derivatives, including their 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 international trade. By staying informed and compliant, importers and exporters can navigate the complexities of the global market effectively.