About HS Code 292424
This HS code specifically covers ethinamate, a cyclic carbamate that was historically used as a sedative and hypnotic drug. Similar to meprobamate, its use has largely been superseded by newer, safer medications, leading to a significant decline in its global trade. However, it may still be traded in limited quantities for specific pharmaceutical formulations or in regions where it retains medical relevance. International trade involves pharmaceutical raw material suppliers and drug manufacturers. Importers are typically pharmaceutical companies in countries where the drug is still prescribed, while exporters are specialized chemical or pharmaceutical ingredient producers. Key considerations for trade include strict international and national regulations governing controlled substances, the absolute necessity for pharmaceutical-grade purity, and meticulous documentation to ensure compliance with drug control conventions. The market for ethinamate is highly specialized, with very low global demand and strict controls.
Products Under This Code
Ethinamate, Ethinamate API, Sedative raw material, Hypnotic drug intermediate, Pharmaceutical-grade ethinamate
Real World Examples
Valmid (historical brand), Generic Ethinamate API
Common Misclassification
This code could be confused with other cyclic carbamates under 292429 if the specific INN "ethinamate" is not clearly identified, or with finished pharmaceutical products containing ethinamate in Chapter 30.
Products Classified Under 2924.24
Industry
This code belongs to the Chemicals industry.
Trade Overview
India and China are known for producing pharmaceutical active ingredients, with very limited global trade for specific medical needs.
Frequently Asked Questions
What is HS code 292424?
HS code 292424 covers: Cyclic amides (including cyclic carbamates) and their derivatives; ethinamate and its salts. This HS code specifically covers ethinamate, a cyclic carbamate that was historically used as a sedative and hypnotic drug. Similar to meprobamate, its use has largely been superseded by newer, safer medications, leading to a significant decline in its global trade. However, it may still be traded in limited quantities for specific pharmaceutical formulations or in regions where it retains medical relevance. International trade involves pharmaceutical raw material suppliers and drug manufacturers. Importers are typically pharmaceutical companies in countries where the drug is still prescribed, while exporters are specialized chemical or pharmaceutical ingredient producers. Key considerations for trade include strict international and national regulations governing controlled substances, the absolute necessity for pharmaceutical-grade purity, and meticulous documentation to ensure compliance with drug control conventions. The market for ethinamate is highly specialized, with very low global demand and strict controls.
What products fall under HS code 292424?
Ethinamate, Ethinamate API, Sedative raw material, Hypnotic drug intermediate, Pharmaceutical-grade ethinamate
What are common misclassifications for HS code 292424?
This code could be confused with other cyclic carbamates under 292429 if the specific INN "ethinamate" is not clearly identified, or with finished pharmaceutical products containing ethinamate in Chapter 30.
How is HS code 292424 structured?
HS code 292424 is a 6-digit subheading under the Harmonized System. The first 2 digits (29) identify the chapter, digits 3-4 (24) identify the heading, and digits 5-6 (24) specify the subheading. This code is standardized globally by the World Customs Organization.