About HS Code 300490
This 'basket' HS code covers a vast array of medicaments consisting of mixed or unmixed products not elsewhere specified in heading 3004, packaged for retail sale and intended for therapeutic or prophylactic uses. It represents a significant portion of the global pharmaceutical trade, encompassing everything from common over-the-counter pain relievers and cold medicines to specialized prescription drugs for chronic conditions. Importers and exporters include pharmaceutical giants, generic drug manufacturers, and distributors worldwide. Key factors influencing this trade are intellectual property rights, drug pricing, regulatory approvals (e.g., FDA, EMA), and market access strategies. The sheer diversity of products under this code reflects the complexity and breadth of modern medicine and global healthcare needs.
Products Under This Code
Paracetamol tablets, Ibuprofen capsules, Omeprazole tablets, Amoxicillin capsules, Metformin tablets, Lisinopril tablets, Cetirizine tablets, Prednisone tablets
Real World Examples
Tylenol (paracetamol), Advil (ibuprofen), Prilosec (omeprazole), Amoxil (amoxicillin), Glucophage (metformin), Zestril (lisinopril), Zyrtec (cetirizine)
Common Misclassification
This code is often a default for medicaments, but care must be taken to ensure they don't fit more specific codes like 300449 (alkaloids), 300450 (vitamins), or 300460 (antimalarials).
Products Classified Under 3004.90
Industry
This code belongs to the Chemicals industry.
Trade Overview
Virtually every country imports and exports products under this code, with major pharmaceutical manufacturing nations like the USA, Germany, Switzerland, India, and China being dominant players.
Frequently Asked Questions
What is HS code 300490?
HS code 300490 covers: Medicaments; consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale. This 'basket' HS code covers a vast array of medicaments consisting of mixed or unmixed products not elsewhere specified in heading 3004, packaged for retail sale and intended for therapeutic or prophylactic uses. It represents a significant portion of the global pharmaceutical trade, encompassing everything from common over-the-counter pain relievers and cold medicines to specialized prescription drugs for chronic conditions. Importers and exporters include pharmaceutical giants, generic drug manufacturers, and distributors worldwide. Key factors influencing this trade are intellectual property rights, drug pricing, regulatory approvals (e.g., FDA, EMA), and market access strategies. The sheer diversity of products under this code reflects the complexity and breadth of modern medicine and global healthcare needs.
What products fall under HS code 300490?
Paracetamol tablets, Ibuprofen capsules, Omeprazole tablets, Amoxicillin capsules, Metformin tablets, Lisinopril tablets, Cetirizine tablets, Prednisone tablets
What are common misclassifications for HS code 300490?
This code is often a default for medicaments, but care must be taken to ensure they don't fit more specific codes like 300449 (alkaloids), 300450 (vitamins), or 300460 (antimalarials).
How is HS code 300490 structured?
HS code 300490 is a 6-digit subheading under the Harmonized System. The first 2 digits (30) identify the chapter, digits 3-4 (04) identify the heading, and digits 5-6 (90) specify the subheading. This code is standardized globally by the World Customs Organization.