HS Code for Tranexamic acid

Introduction

Tranexamic acid is an important hemostasis agent and medical drug with antifibrinolytic properties. As a widely used pharmaceutical product in international trade, it's crucial for importers, exporters, and logistics professionals to understand the proper Harmonized System (HS) code classification for this substance. In this article, we'll explore the HS code for tranexamic acid, its importance in international trade, and how FreightAmigo's digital logistics platform can support businesses involved in shipping this medical product.

What is Tranexamic Acid?

Tranexamic acid is a synthetic amino acid derivative that acts as an antifibrinolytic agent. It works by inhibiting the breakdown of blood clots, making it an effective treatment for various bleeding disorders and conditions involving excessive bleeding. Some key points about tranexamic acid include:

• It's commonly used to treat or prevent excessive blood loss during surgery, dental procedures, and in patients with certain bleeding disorders.
• Tranexamic acid is also used to treat heavy menstrual bleeding in women.
• The drug is available in various forms, including tablets, injectable solutions, and topical formulations.
• As a hemostasis agent, it plays a crucial role in emergency medicine and trauma care.

HS Code Classification for Tranexamic Acid

The Harmonized System (HS) is an international nomenclature developed by the World Customs Organization (WCO) for the classification of goods. It's used by customs authorities around the world to identify products when assessing duties and taxes and for gathering trade statistics. For tranexamic acid, the HS code classification is as follows:

HS Code: 2922.49

This code falls under the following hierarchy:

• Chapter 29: Organic chemicals
• Heading 2922: Oxygen-function amino-compounds
• Subheading 2922.49: Other amino-acids, other than those containing more than one kind of oxygen function, and their esters; salts thereof

It's important to note that while this is the general classification for tranexamic acid, some countries may have more specific national subdivisions beyond the 6-digit level. Always verify the exact code with your local customs authority or a licensed customs broker.

Importance of Correct HS Code Classification

Properly classifying tranexamic acid with the correct HS code is crucial for several reasons:

1. Compliance: Incorrect classification can lead to regulatory violations and potential fines.
2. Duty rates: The HS code determines the applicable import duties and taxes.
3. Trade statistics: Accurate classification ensures reliable international trade data.
4. Export controls: Certain products may be subject to export restrictions or licensing requirements.
5. Documentation: Proper classification is essential for accurate customs documentation and smooth clearance processes.

Shipping Tranexamic Acid: Considerations and Challenges

When shipping tranexamic acid internationally, there are several factors to consider:

1. Regulatory Compliance

As a pharmaceutical product, tranexamic acid is subject to strict regulatory requirements in many countries. Importers and exporters must ensure compliance with:

• Good Manufacturing Practice (GMP) regulations
• Registration and licensing requirements for pharmaceutical products
• Quality control and testing standards
• Proper labeling and packaging regulations

2. Temperature Control

While tranexamic acid is generally stable at room temperature, some formulations may require temperature-controlled shipping to maintain efficacy. This may involve:

• Use of refrigerated containers or cold chain logistics
• Temperature monitoring devices
• Specialized packaging to maintain temperature stability

3. Documentation

Shipping pharmaceutical products often requires additional documentation, such as:

• Certificates of Analysis (CoA)
• Material Safety Data Sheets (MSDS)
• Packing lists with batch numbers and expiration dates
• Import permits or licenses

4. Customs Clearance

Pharmaceutical shipments may undergo more rigorous customs inspections. Preparing for this can involve:

• Pre-alerting customs about incoming shipments
• Having all necessary documentation readily available
• Working with experienced customs brokers familiar with pharmaceutical imports

How FreightAmigo Supports Tranexamic Acid Shipments

As a digital logistics platform, FreightAmigo offers several features that can greatly benefit businesses involved in shipping tranexamic acid and other pharmaceutical products:

1. Comprehensive Quote Comparison

Our platform allows users to compare door-to-door freight quotes for various shipping methods, including international courier, airfreight, sea freight, rail freight, and trucking solutions. This is particularly useful for pharmaceutical shipments where speed, reliability, and cost-effectiveness are crucial.

2. Real-time Shipment Tracking

With connections to over 1000 reputable airlines and shipping lines, FreightAmigo provides real-time tracking capabilities. This is essential for monitoring the status and location of sensitive pharmaceutical shipments like tranexamic acid.

3. Customs Clearance Assistance

Our platform can help arrange customs clearance services, which is particularly valuable for pharmaceutical products that may require special handling or documentation during the import process.

4. Cargo Insurance

FreightAmigo offers cargo insurance options, providing an extra layer of protection for high-value pharmaceutical shipments.

5. Document Automation

Our system can help automate the creation and management of shipping documents, reducing errors and ensuring compliance with regulatory requirements for pharmaceutical exports.

6. 24/7 Expert Support

FreightAmigo provides round-the-clock support from logistics experts who can assist with the unique challenges of shipping pharmaceutical products like tranexamic acid.

Conclusion

Understanding the correct HS code for tranexamic acid (2922.49) is crucial for businesses involved in the international trade of this important hemostasis agent and antifibrinolytic drug. Proper classification ensures compliance with customs regulations, accurate duty assessments, and smooth international shipping processes.

Given the complexities involved in shipping pharmaceutical products, leveraging a comprehensive digital logistics platform like FreightAmigo can provide significant advantages. From quote comparison and real-time tracking to customs clearance assistance and document automation, FreightAmigo offers the tools and support needed to navigate the challenges of international pharmaceutical logistics.

By combining accurate HS code classification with the power of a digital logistics platform, businesses can streamline their tranexamic acid shipments, ensure regulatory compliance, and optimize their supply chain operations in the global pharmaceutical market.