Understanding Ferrous Gluconate and Its HS Code
In the world of international trade, the Harmonized System (HS) code plays a crucial role in the classification of goods. One such product that falls under this system is ferrous gluconate, a compound widely used in various industries, particularly in pharmaceuticals and food fortification. In this article, we will explore what ferrous gluconate is, its applications, and its corresponding HS code.
What is Ferrous Gluconate?
Ferrous gluconate is an iron salt of gluconic acid, typically appearing as a dark brown powder or granules. It is highly soluble in water, making it an ideal source of iron for supplementation. Ferrous gluconate is commonly used to treat iron deficiency anemia and is favored for its lower gastrointestinal side effects compared to other iron supplements.
Applications of Ferrous Gluconate
1. Pharmaceuticals: Ferrous gluconate is primarily used in dietary supplements and medications aimed at increasing iron levels in the body. It is often recommended for pregnant women, vegetarians, and individuals with certain health conditions that lead to iron deficiency.
2. Food Fortification: Due to its safety and efficacy, ferrous gluconate is used to fortify various food products, including cereals and infant formulas. This helps in addressing the nutritional needs of populations at risk of iron deficiency.
3. Animal Feed: The compound is also utilized in the livestock industry as a nutritional supplement to promote animal health and growth.
HS Code for Ferrous Gluconate
The HS code is an internationally standardized numerical method of classifying traded products. For ferrous gluconate, the HS code is typically 2918.19. This code falls under the category of “Carboxylic acids and their anhydrides, halides, peroxides, and peroxyacids; their derivatives,” specifically focusing on organic compounds.
Importance of HS Code in Trade
Understanding the HS code for ferrous gluconate is essential for businesses engaged in import and export activities. The HS code helps in:
– Customs Clearance: Accurate classification of goods ensures smooth customs procedures and avoids delays.
– Trade Statistics: HS codes are used for collecting and analyzing trade data, which can inform market trends and business strategies.
– Tariff Determination: Different HS codes may be subject to varying tariff rates, which can significantly impact pricing and competitiveness in the market.
Conclusion
Ferrous gluconate is an important compound used in various applications, particularly in addressing iron deficiency. Knowing its HS code, 2918.19, is vital for businesses involved in its trade. Proper classification not only facilitates smoother transactions but also aids in compliance with international trade regulations. As the demand for iron supplements continues to rise, understanding the nuances of ferrous gluconate and its classification will be invaluable for stakeholders in the industry.
By staying informed about products like ferrous gluconate and their HS codes, businesses can navigate the complexities of global trade more effectively, ensuring they meet both regulatory requirements and market demands.