The HS Code 30012000 refers to extracts of glands or other organs or their secretions used for organotherapeutic purposes. This code is used to classify and categorize these products for international trade and customs purposes.
Organotherapeutic extracts are derived from glands or organs such as the thyroid, pancreas, adrenal glands, and others. These extracts contain specific biological substances that can be used for various therapeutic purposes. They are commonly used in the field of medicine for the treatment of hormonal imbalances, endocrine disorders, and other related conditions.
The bound or MFN (Most Favored Nation) duty rate for products falling under the HS Code 30012000 is free. This means that countries are not required to impose any import duties or tariffs on these products. It promotes free trade and equal treatment for goods and services from all trading partners.
The quantity unit for these products is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the organotherapeutic extracts being imported or exported.
There are also special tariff preference programs available for products classified under HS Code 30012000. These programs provide additional benefits and preferential treatment for certain countries. The following countries enjoy special tariff rates or duty-free treatment for these products:
When it comes to importing, Puerto Rico is the only US state listed as an importer of products under HS Code 30012000. This indicates that Puerto Rico has a demand for these organotherapeutic extracts.
As for exporting, Puerto Rico is also listed as the only US state exporting products under this HS Code. This suggests that Puerto Rico not only imports but also produces and exports these organotherapeutic extracts, potentially contributing to its economy and international trade.
the HS Code 30012000 classifies extracts of glands or other organs or their secretions used for organotherapeutic purposes. It is important for countries to understand this code and its associated duty rates and tariff preferences to facilitate international trade and ensure equal treatment for all trading partners. Organotherapeutic extracts play a significant role in medical treatments and can contribute to the overall health and well-being of individuals worldwide.