HS Code 30041050: Medicaments Containing Penicillins or Streptomycins

The HS Code 30041050 refers to medicaments containing penicillins or streptomycins, which are in dosage form or packed for retail. This article will provide extensive information about this HS code, including its description, duty rates, quantity unit, and special tariff preference programs. We will also discuss the importing and exporting states in the United States.

Product Description

Medicaments containing penicillins or streptomycins fall under the HS Code 30041050. These medicaments are formulated in a way that makes them suitable for human consumption and are typically packaged for sale in retail settings. Penicillins and streptomycins are widely used antibiotics that are effective against a variety of bacterial infections.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 30041050 is free. This means that countries must eliminate any trade barriers or open up their markets for the same goods or services from all their trading partners. Lowering trade barriers promotes international trade and fosters economic growth.

Quantity Unit

The quantity unit for HS Code 30041050 is kilograms (KG). This unit of measurement is used to determine the weight of the medicaments being imported or exported.

Special Tariff Preference Programs

Several special tariff preference programs provide duty-free treatment for medicaments containing penicillins or streptomycins. These programs include:

Generalized System of Preferences (GSP): Provides duty-free treatment for eligible products from developing countries.
Australia Special Rate: Grants duty-free treatment for imports from Australia.
Bahrain Special Rate: Offers duty-free treatment for imports from Bahrain.
NAFTA for Canada: Provides duty-free treatment for imports from Canada under the North American Free Trade Agreement.
Chile Special Rate: Grants duty-free treatment for imports from Chile.
Caribbean Basin Initiative (CBI): Offers duty-free treatment for eligible products from designated countries in the Caribbean region.
Israel Special Rate: Provides duty-free treatment for imports from Israel.
Andean Trade Preference Act (ATPA): Grants duty-free treatment for eligible products from designated Andean countries.
Jordan Special Rate: Offers duty-free treatment for imports from Jordan.
Agreement on Trade in Pharmaceutical Products: Provides duty-free treatment for medicaments under this specific agreement.
Morocco Special Rate: Grants duty-free treatment for imports from Morocco.
NAFTA for Mexico: Provides duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
Oman Special Rate: Offers duty-free treatment for imports from Oman.
Dominican Republic-Central American Special Rate (DR-CAFTA): Grants duty-free treatment for imports from the Dominican Republic and Central American countries under this specific agreement.
Peru Special Rate: Provides duty-free treatment for imports from Peru.
Singapore Special Rate: Offers duty-free treatment for imports from Singapore.

Importing US States

The following states in the United States import medicaments containing penicillins or streptomycins under HS Code 30041050:

Puerto Rico
Pennsylvania
Wisconsin
Indiana
Texas
Illinois
Colorado

Exporting US States

The following states in the United States export medicaments containing penicillins or streptomycins under HS Code 30041050:

Puerto Rico
Indiana
North Carolina
Pennsylvania
Maine
Missouri
Nebraska
Montana
New York
Wisconsin
Hawaii
Massachusetts
New Hampshire

Overall, HS Code 30041050 encompasses medicaments containing penicillins or streptomycins, which are essential in the treatment of various bacterial infections. The duty-free treatment and special tariff preference programs encourage trade and ensure affordable access to these vital medications.