Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 24012018: Tobacco containing over 35% wrapper tobacco, partly or wholly stemmed (stripped), not threshed or similarly processed

Tobacco is a widely consumed product around the world, with various types and grades available in the market. One specific type of tobacco is classified under HS Code 24012018. This HS code refers to tobacco containing over 35% wrapper tobacco, which is partly or wholly stemmed (stripped), and has not been threshed or similarly processed.

Product Description

HS Code 24012018 covers a specific category of tobacco that has certain characteristics. It includes tobacco leaves that are primarily used as wrapper tobacco, which makes up over 35% of the product. The tobacco may be partially or completely stripped of its stem, but it should not have undergone threshing or similar processing methods.

Bound / MFN Duty Rate

The bound or most-favored-nation (MFN) duty rate for HS Code 24012018 is free. This means that there are no import duties imposed on this specific type of tobacco when it enters a country. It is important to note that this duty rate applies whenever a country lowers a trade barrier or opens up its market, and it must do so for the same goods or services from all its trading partners.

Quantity Unit

The quantity unit for HS Code 24012018 is kilograms (KG). This means that the weight of the tobacco imported or exported is measured in kilograms.

Special Tariff Preference Programs

There are several special tariff preference programs associated with HS Code 24012018, offering different duty rates depending on the country of origin or specific trade agreements. These programs include:

• Free: This applies to imports from least-developed beneficiary developing countries eligible for the Generalized System of Preferences (GSP) under that subheading, which receive duty-free treatment.
• NAFTA: Canada and Mexico benefit from duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Africa Growth and Opportunity Act (AGOA): Eligible countries under AGOA receive duty-free treatment for their exports.
• Caribbean Basin Initiative (CBI): Certain countries in the Caribbean region receive duty-free treatment under this program.
• Israel Special Rate: Imports from Israel receive duty-free treatment.
• Andean Trade Preference Act (ATPA): Certain countries in the Andean region benefit from duty-free treatment.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from the Dominican Republic and Central American countries receive a special rate.
• Peru Special Rate: Imports from Peru are subject to a duty rate of $2.19/kg.
• Australia Special Rate: Imports from Australia are subject to a duty rate of $2.74/kg.
• Bahrain Special Rate: Imports from Bahrain are subject to a duty rate of $2.74/kg.
• Morocco Special Rate: Imports from Morocco are subject to a duty rate of $2.74/kg.
• Chile Special Rate: Imports from Chile are subject to a duty rate of $3.28/kg.
• Oman Special Rate: Imports from Oman are subject to a duty rate of $1.64/kg.
• Singapore Special Rate: Imports from Singapore are subject to a duty rate of $1.64/kg.

Importing and Exporting US States

When it comes to the import and export of tobacco under HS Code 24012018, specific states in the United States are involved. The main importing state is Maine, while the exporting states include Kansas, Missouri, Nebraska, South Dakota, Iowa, Minnesota, and North Carolina. Additionally, Virginia is also involved in the export of this tobacco.

HS Code 24012018 plays a crucial role in regulating the import and export of tobacco containing over 35% wrapper tobacco. It is important for businesses and individuals involved in the tobacco trade to be aware of the specific regulations and duty rates associated with this HS code, especially when engaging in international trade.