Harmonized System Codes • Schedule B • Harmonized Commodity Description

The Importance of HS Code 99021211: Aspirin (CAS No. 50-78-2)

HS Code 99021211 refers to the specific classification of a product known as Aspirin, which is identified by its Chemical Abstracts Service (CAS) number 50-78-2. This code falls under subheading 2918.22.10 in the Harmonized System (HS) of product classification.

HS codes are used internationally to ensure uniformity and consistency in the classification and identification of goods during trade. They play a crucial role in simplifying customs procedures, facilitating international trade negotiations, and providing valuable statistical information on global trade patterns.

Aspirin, a widely recognized over-the-counter medication, is known for its analgesic, antipyretic, and anti-inflammatory properties. It is commonly used to relieve pain, reduce fever, and alleviate symptoms of various inflammatory conditions.

Bound / MFN Duty Rate:

• The bound / most-favored-nation (MFN) duty rate for products classified under HS Code 99021211 is 3.0%.
• The MFN duty rate applies when a country lowers a trade barrier or opens up a market. It ensures that the same duty rate is applied to the same goods or services from all trading partners, promoting fair and non-discriminatory trade practices.

Quantity Unit:

• The quantity unit for products classified under HS Code 99021211 is not available (NA). This means that the specific unit of measurement for import or export purposes is not specified in the data.

Special Tariff Preference Programs:

Special tariff preference programs may exist for the import or export of products classified under HS Code 99021211. These programs provide certain benefits or exemptions to countries or regions based on specific agreements or trade arrangements.

Importing US States:

The importing of products classified under HS Code 99021211 into the United States is likely to occur across various states. The demand for aspirin is widespread, and the accessibility of this medication is essential for healthcare and general well-being.

Exporting US States:

US states that engage in the export of products classified under HS Code 99021211 include those with pharmaceutical manufacturing facilities or companies involved in international trade. Some notable exporting states may include California, New Jersey, Pennsylvania, and Indiana.

HS Code 99021211 plays a significant role in the identification and classification of Aspirin (CAS No. 50-78-2) for international trade purposes. It ensures uniformity, facilitates customs procedures, and provides a foundation for trade negotiations. The availability of special tariff preference programs and the diverse demand for aspirin in importing and exporting US states further highlights the importance of this HS code.