The HS Code 24011095 refers to tobacco that is not stemmed or stripped, and is not or not over 35% wrapper tobacco. This code encompasses various types of tobacco, excluding flue-cured burley, and other similar types of tobacco. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs. We will also delve into importing and exporting states for this particular code.
Tobacco falling under HS Code 24011095 is classified as tobacco that has not been stemmed or stripped. Additionally, it should not contain more than 35% wrapper tobacco. This code includes various types of tobacco, excluding flue-cured burley, and other similar varieties. It is important to note that the product description specified by the HS Code is crucial for accurate classification and trade purposes.
The bound / MFN duty rate for HS Code 24011095 is 32.7 cents per kilogram (KG). The MFN (Most Favored Nation) duty rate is applicable whenever a country lowers a trade barrier or opens up a market. It ensures that any trade barrier reduction or market opening applies to the same goods or services from all of its trading partners. This duty rate plays a significant role in determining the cost implications of importing or exporting tobacco falling under this HS code.
The quantity unit for HS Code 24011095 is kilograms (KG). This unit of measurement is used to determine the quantity of tobacco being imported or exported. It is essential for accurate record-keeping, trade negotiations, and logistics purposes. The use of standardized quantity units facilitates smooth international trade transactions.
Tobacco falling under HS Code 24011095 is eligible for several special tariff preference programs. These programs offer preferential treatment in terms of duty rates and market access. The following countries and regions have special tariff preference programs for this HS code:
These special tariff preference programs provide various benefits, including duty-free treatment, reduced duty rates, and streamlined market access. Importers and exporters should familiarize themselves with the specific requirements and conditions of each program to maximize their trade opportunities.
For HS Code 24011095, the following US states have been recorded as importing or exporting tobacco falling under this code:
These states play a significant role in the import and export of tobacco falling under HS Code 24011095. Understanding the distribution patterns and the involvement of different states can provide valuable insights for businesses and policymakers.
HS Code 24011095 covers tobacco that is not stemmed or stripped, not or not over 35% wrapper tobacco, and excludes flue-cured burley. This code is essential for accurate classification and trade purposes. Importers and exporters need to be aware of the duty rates, quantity units, special tariff preference programs, and the involvement of different US states for this HS code. By understanding the intricacies of this code, businesses can navigate the international tobacco trade more effectively and seize opportunities for growth.