Tobacco is a widely consumed product around the world, known for its use in cigarette manufacturing and as a recreational substance. However, not all tobacco products are the same, and different varieties are classified under specific HS codes for trade and regulatory purposes. One such HS code is 24011053, which refers to tobacco that is not stemmed or stripped and contains less than 35% wrapper tobacco, cigar binder, and filler.
HS codes, also known as Harmonized System codes, are international standards used to classify and identify traded products. These codes help facilitate smooth international trade by providing a common language for customs authorities and traders. The HS code 24011053 specifically categorizes a particular type of tobacco based on its characteristics and intended use.
The product description for HS code 24011053 captures the key attributes of this type of tobacco. It specifies that the tobacco should not be stemmed or stripped, and it should contain less than 35% wrapper tobacco, cigar binder, and filler. These characteristics differentiate it from other types of tobacco and enable customs authorities and traders to accurately identify and classify the product.
When importing or exporting goods, it is crucial to be aware of the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for HS code 24011053 is free. This means that no additional duties or tariffs are levied on imports or exports of this specific type of tobacco. It is important to note that the bound duty rate applies to all trading partners of a country, ensuring fair and equal treatment for all.
The quantity unit for HS code 24011053 is kilograms (KG). This unit of measurement allows for standardized and uniform reporting of the quantity of tobacco being imported or exported. It helps in accurate record-keeping and trade statistics compilation.
In addition to the duty rate, certain special tariff preference programs may apply to imports of HS code 24011053. These programs provide preferential treatment or exemptions from duties to specific countries or groups of countries. For this particular HS code, the following special tariff preference programs are applicable:
These special rates or exemptions are designed to promote trade and economic development between specific countries or regions. They provide a competitive advantage for eligible countries or entities in the import or export of HS code 24011053.
Looking at the importing and exporting US states for HS code 24011053, we can see that the state of Maine is the primary importer. This indicates a significant demand for this type of tobacco in Maine. On the other hand, the exporting US states include Kansas, Missouri, Nebraska, South Dakota, Iowa, and Minnesota. These states are likely the major producers or suppliers of this specific type of tobacco.
HS code 24011053 represents tobacco that is not stemmed or stripped and contains less than 35% wrapper tobacco, cigar binder, and filler. This HS code is essential for accurately classifying and identifying this specific type of tobacco in international trade. Understanding the duty rates, quantity unit, and special tariff preference programs associated with this HS code is vital for importers, exporters, and customs authorities. Additionally, knowing the key importing and exporting US states provides insights into the demand and supply dynamics for this product.