Tobacco, not stemmed or stripped, not or not over 35% wrapper tobacco, flue-cured burley, etc., described in additional US note 5 to chapter 24.
When it comes to international trade, the Harmonized System (HS) code is a crucial classification tool. The HS code 24011063 specifically refers to a particular type of tobacco product. In this article, we will explore the details of this HS code and its implications in international trade.
The HS code 24011063 represents tobacco that is not stemmed or stripped, and does not contain more than 35% wrapper tobacco. It includes flue-cured burley and other similar varieties. This classification is provided in additional US note 5 to chapter 24 of the Harmonized System.
Tobacco is an agricultural product that is widely used for smoking, chewing, and other recreational purposes. The specific characteristics mentioned in the HS code help to differentiate this particular type of tobacco from others.
The bound / MFN (Most Favored Nation) duty rate for HS code 24011063 is 23.9 cents per kilogram. The MFN duty rate is the standard rate that applies to imports from all trading partners. It ensures equal treatment for all countries and prevents discrimination in international trade.
Whenever 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. This principle of non-discrimination is a fundamental aspect of the World Trade Organization (WTO) rules and is reflected in the bound / MFN duty rate.
The quantity unit for HS code 24011063 is kilograms (KG). This means that the weight of the tobacco product is measured and recorded in kilograms during international trade transactions. It provides a standardized unit of measurement for accurate reporting and tracking of imports and exports.
HS code 24011063 is eligible for several special tariff preference programs. These programs offer preferential treatment in terms of duty-free or reduced duty rates for imports of this tobacco product. The following special tariff preference programs apply to HS code 24011063:
These special tariff preference programs aim to promote trade and economic development by providing favorable conditions for imports from specific countries or regions.
While the HS code 24011063 is applicable for imports into the United States, it is also important to consider the states involved in importing and exporting this tobacco product.
Based on the available data, the main importing state for HS code 24011063 is Maine. This indicates that a significant amount of this tobacco product is being imported into Maine. The repeated mention of Maine suggests that it is a major destination for this particular type of tobacco.
On the other hand, the exporting US states for HS code 24011063 include Kansas, Missouri, Nebraska, South Dakota, Iowa, and Minnesota. These states are likely the primary sources of this tobacco product for exports to Maine and potentially other destinations.
the HS code 24011063 represents a specific type of tobacco product that is not stemmed or stripped, with certain limitations on the percentage of wrapper tobacco. It is important to understand the details and implications of this HS code for international trade, including the duty rates, quantity unit, special tariff preference programs, and the involvement of specific states in importing and exporting this tobacco product.