Acetylsalicylic acid, commonly known as aspirin, is classified under HS code 30049062 in India, which pertains to medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses or in forms or packings for retail sale. The Most Favored Nation (MFN) tariff rates and any preferential rates under Free Trade Agreements (FTAs) for this HS code vary across the top importing countries: Malta, Finland, Canada, Gambia, Venezuela, Nicaragua, Senegal, and Guinea.
- Malta and Finland: As members of the European Union (EU), both countries apply the EU's Common External Tariff. Medicaments under HS code 3004 generally benefit from a zero percent MFN tariff rate. Additionally, the EU often provides exemptions or reduced tariffs for essential medicines to ensure public health accessibility.
- Canada: According to the Canada Border Services Agency (CBSA), Canada applies an MFN tariff rate of 0% for HS code 3004. Canada also has various trade agreements that may offer preferential rates; however, specific details would require consultation of the latest CBSA tariff schedules. (cbsa-asfc.gc.ca)
- Gambia, Venezuela, Nicaragua, Senegal, and Guinea: These countries, as members of the World Trade Organization (WTO), have their own tariff schedules. Generally, many developing countries apply reduced or zero tariffs on essential medicines, including those under HS code 3004, to promote public health. Specific rates and exemptions would need to be verified through each country's national customs authority or the WTO's tariff database.
