Black tea is one of the most popular beverages consumed worldwide. It is made from the leaves of the Camellia sinensis plant, which undergo a process of oxidation, resulting in the characteristic dark color and strong flavor. HS Code 09024000 specifically refers to black tea (fermented) and partly fermented tea, excluding immediate packings weighing no more than 3 kg.
When it comes to international trade, countries often impose tariffs or trade barriers on imported goods. However, in the case of HS Code 09024000, there is a bound or most-favored-nation (MFN) duty rate of free. This means that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal treatment in international trade.
The quantity unit for HS Code 09024000 is kilograms (KG). This indicates that the measurement and pricing of black tea imports or exports are based on weight rather than volume or other units of measurement.
There are also special tariff preference programs available for black tea imports under HS Code 09024000. The following countries enjoy duty-free treatment for black tea imports: Australia, Austria, Bahrain, Canada, Chile, European Union (EU), Israel, Japan, Jordan, Morocco, Mexico, Oman, Peru, Singapore, and the United States. These preferential programs aim to promote trade and economic cooperation between the participating countries.
Importing of black tea under HS Code 09024000 is observed in several US states, including Connecticut, Louisiana, Maryland, South Carolina, Virginia, and Washington. These states have a demand for black tea and actively participate in international trade to meet their consumers' needs.
On the other hand, Hawaii and Nevada are the exporting US states for black tea under HS Code 09024000. These states produce and export black tea to meet the demands of international markets.
HS Code 09024000 refers to black tea (fermented) and partly fermented tea. It is a widely traded product globally, and its import and export are subject to specific regulations and tariff preferences. Understanding the HS code and its associated information is crucial for international traders, policymakers, and consumers to ensure fair trade practices and the availability of this beloved beverage.