Antibiotics nesoi, other than aromatic or modified aromatic antibiotics, fall under HS Code 29419050. This code is used to classify these specific types of antibiotics for import and export purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the states involved in importing and exporting.
The product description for HS Code 29419050 is "Antibiotics nesoi, other than aromatic or modified aromatic antibiotics." This means that the code applies to antibiotics that do not fall under the category of aromatic or modified aromatic antibiotics. It is important to note that the code specifically identifies antibiotics as the product in question.
The bound or most-favored-nation (MFN) duty rate for HS Code 29419050 is free. This means that there are no import duties imposed on this particular product when it is traded between countries. The concept behind the MFN duty rate is 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 quantity unit for HS Code 29419050 is kilograms (KG). This means that the measurement and trade of these antibiotics are based on weight in kilograms. It is essential for importers and exporters to accurately determine the weight of the antibiotics to comply with the quantity unit requirements.
HS Code 29419050 is eligible for several special tariff preference programs. These programs provide specific benefits and exemptions for the import and export of the product. The following are the special tariff preference programs applicable to this HS code:
When it comes to importing HS Code 29419050 into the United States, the data shows that Puerto Rico is the primary destination. The antibiotics are imported into Puerto Rico from other countries for various purposes such as medical use, research, and distribution. Importers in Puerto Rico play a significant role in the trade of these antibiotics.
On the other hand, when it comes to exporting HS Code 29419050 from the United States, the data also indicates that Puerto Rico is the primary source. Puerto Rico exports these antibiotics to other countries, contributing to the global supply of antibiotics. The exporting activities from Puerto Rico highlight its role in the international trade of these specific antibiotics.
HS Code 29419050 is used to classify antibiotics nesoi, other than aromatic or modified aromatic antibiotics. The code provides essential information for importers, exporters, and customs authorities to determine the appropriate duties, quantity units, and special tariff preference programs for these antibiotics. The involvement of Puerto Rico in both importing and exporting indicates its significance in the trade of these antibiotics within the United States and globally.