Understanding Ferrous Gluconate and Its HS Code
When it comes to importing or exporting ferrous gluconate, understanding its classification under the Harmonized System (HS) code is crucial for businesses involved in international trade. This article aims to provide a comprehensive overview of ferrous gluconate, its applications, and the specific HS code associated with this compound.
What is Ferrous Gluconate?
Ferrous gluconate is an iron salt of gluconic acid, commonly used as a dietary supplement to treat or prevent iron deficiency anemia. It is a water-soluble compound and is often preferred for its better tolerance compared to other iron supplements. Ferrous gluconate is known for providing a source of elemental iron, which is essential for various bodily functions, including the formation of red blood cells and the transport of oxygen.
Applications of Ferrous Gluconate
1. Nutritional Supplements: Ferrous gluconate is widely used in dietary supplements. Its ability to provide iron without causing significant gastrointestinal discomfort makes it a popular choice for those needing to boost their iron intake.
2. Food Fortification: This compound is also used to fortify various food products, helping to combat iron deficiency in populations at risk.
3. Pharmaceuticals: Ferrous gluconate is utilized in the pharmaceutical industry for its therapeutic properties, especially in formulations aimed at treating anemia.
4. Animal Feed: In the agricultural sector, ferrous gluconate is added to animal feed to ensure livestock receive adequate iron, promoting overall health and productivity.
HS Code for Ferrous Gluconate
The Harmonized System (HS) code is an internationally standardized system of names and numbers used to classify traded products. For ferrous gluconate, the HS code generally falls under the category of “Chemical products.”
The specific HS code for ferrous gluconate is 2918.99. This code designates it as a chemical compound that is not elsewhere specified in the customs tariff. When exporting or importing ferrous gluconate, using the correct HS code is essential to ensure compliance with international trade regulations and to facilitate smooth customs clearance.
Importance of Using the Correct HS Code
Using the correct HS code for ferrous gluconate is vital for several reasons:
– Customs Compliance: Incorrect classification can lead to delays, fines, or even seizure of goods at customs.
– Accurate Tariff Rates: Different HS codes may be subject to different tariff rates, affecting the overall cost of importing or exporting ferrous gluconate.
– Market Research: Proper classification helps businesses analyze market trends and demand for ferrous gluconate in different regions.
Conclusion
In conclusion, ferrous gluconate is an important compound with significant applications in nutrition, pharmaceuticals, and agriculture. Understanding its HS code, which is 2918.99, is essential for businesses involved in the trade of this chemical. By ensuring accurate classification and compliance with customs regulations, companies can streamline their operations and avoid potential pitfalls in international trade. Whether you are a manufacturer, importer, or exporter, being informed about ferrous gluconate and its HS code can greatly enhance your business practices in the global marketplace.