Tobacco is a widely consumed product around the world, and its trade is regulated by various codes and tariffs. One such code is the HS Code 24011048, which pertains to tobacco that is not stemmed or stripped, and is not or not over 35% wrapper tobacco. Specifically, this code applies to oriental or Turkish type tobacco, excluding cigarette leaf.
When it comes to international trade, countries often impose duties and tariffs on imported goods. However, the bound / MFN (Most-Favored Nation) duty rate for HS Code 24011048 is free. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 24011048 is kilograms (KG). This unit of measurement is used to determine the weight of the tobacco being imported or exported.
There are also special tariff preference programs that apply to HS Code 24011048. These programs allow for duty-free treatment or special rates for certain countries. Some of the programs that offer benefits for this HS code include:
When it comes to importing HS Code 24011048 to the United States, the data shows that the state of Maine is the primary importer. This information is useful for those involved in the tobacco industry who are looking to target specific states for their exports.
On the other hand, the data reveals that the top exporting states of HS Code 24011048 to the United States are Kansas, Missouri, Nebraska, South Dakota, Iowa, and Minnesota. These states play a significant role in supplying tobacco products to the US market.
the HS Code 24011048 is an important code that regulates the trade of tobacco. It is essential for importers and exporters to understand the duty rates, quantity unit, and special tariff preference programs associated with this code. By analyzing the importing and exporting states, businesses can make informed decisions regarding their trade strategies for tobacco products.