Tobacco is a widely consumed product around the world, and it comes in various forms and types. One such type is tobacco, partly or wholly stemmed/stripped, n/threshed or similarly processed, not or n/over 35% wrapper, oriental or turkish, cigarette leaf, classified under HS Code 24012023. In this article, we will explore the details of this HS code, including its description, duty rates, quantity unit, and special tariff preference programs.
The HS Code 24012023 refers to tobacco that is partially or fully stemmed/stripped, not or not over 35% wrapper, oriental or turkish, cigarette leaf. This tobacco product is processed in a specific manner, suitable for cigarette production. It is an important component of the tobacco industry, catering to the demand for cigarettes.
The bound or most-favored-nation (MFN) duty rate for HS Code 24012023 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate is applicable to imports of this tobacco product, ensuring fair trade practices.
The quantity unit for HS Code 24012023 is kilograms (KG). This unit of measurement is used to determine the weight of the tobacco product being imported or exported. It helps in calculating the quantity and value of the product accurately.
Under HS Code 24012023, there are various special tariff preference programs applicable to different countries. These programs offer specific duty rates or duty-free treatment for imports of this tobacco product. Here are some of the programs and their corresponding rates:
These special tariff preference programs aim to promote trade and economic cooperation between countries, providing advantages for certain imports based on their origin or specific agreements.
When it comes to importing HS Code 24012023 tobacco products to the United States, the data shows that the state of Maine is the primary importer. As for the exporting states within the US, there is a wide distribution of states involved, including Kansas, Missouri, Nebraska, South Dakota, Iowa, Minnesota, North Carolina, and Virginia. These states play a significant role in the trade of tobacco products, contributing to the domestic and international tobacco market.
HS Code 24012023 represents a specific type of tobacco product used in cigarette production. It is subject to various duty rates and special tariff preference programs, depending on the country of import and specific trade agreements. The accurate classification and understanding of HS codes are crucial for international trade and regulatory purposes, ensuring smooth and fair trade practices.