In international trade, HS codes are used to classify and categorize different products for customs and statistical purposes. HS Code 24012029 specifically refers to tobacco that is partly or wholly stemmed/stripped, not threshed or similarly processed, and does not exceed 35% in wrapper, cigar binder, and filler content. This article aims to provide an extensive overview of HS Code 24012029, including its product description, duty rates, quantity unit, special tariff preference programs, as well as the importing and exporting US states.
Tobacco falling under HS Code 24012029 includes tobacco leaves that have undergone partial or complete stemming/stripping. It does not include threshed tobacco or tobacco that has been further processed beyond stemming/stripping. Additionally, the tobacco in this category should not exceed 35% in wrapper, cigar binder, and filler content.
The bound or Most Favored Nation (MFN) duty rate for HS Code 24012029 is free. This means that when 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. Therefore, imports of tobacco falling under this HS code are not subject to any duty charges.
The quantity unit for HS Code 24012029 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported tobacco products.
Tobacco classified under HS Code 24012029 may also be eligible for special tariff preference programs. The following are the details of the programs and the corresponding duty rates:
When it comes to HS Code 24012029, the United States has specific importing and exporting states. The following US states are involved in the importation and exportation of tobacco classified under this HS code:
It is important for traders and businesses involved in the tobacco industry to be familiar with the importing and exporting states to facilitate their trade operations and ensure compliance with customs regulations.
HS Code 24012029 relates to tobacco that is partly or wholly stemmed/stripped, not threshed or similarly processed, and does not exceed 35% in wrapper, cigar binder, and filler content. The bound or MFN duty rate for this HS code is free, and the quantity unit is kilograms (KG). Additionally, there are various special tariff preference programs available, providing duty-free treatment or specific duty rates for imports from eligible countries. Traders should also take note of the involved importing and exporting US states to effectively navigate the tobacco trade landscape.