Tobacco is a widely consumed product around the world, and its import and export play a significant role in international trade. Understanding the specific HS code for tobacco imports, such as HS Code 24012033, is essential for businesses involved in the tobacco industry. In this article, we will delve into the details of HS Code 24012033, including its product description, duty rates, quantity unit, and special tariff preference programs, along with information about importing and exporting US states.
The product description provides a clear understanding of the type of tobacco covered by HS Code 24012033. It refers to tobacco that is either partly or wholly stemmed/stripped, not threshed or similarly processed, and does not exceed 35% wrapper content. The additional US note 5 to chapter 24 provides further specifications for this specific HS code.
The bound or most-favored-nation (MFN) duty rate for HS Code 24012033 is 40.9 cents per kilogram. This duty rate is applicable whenever a country lowers a trade barrier or opens up a market. It is important to note that this duty rate applies uniformly to all trading partners of the country.
The quantity unit for HS Code 24012033 is kilograms (KG). This means that the import or export of tobacco under this HS code is measured in kilograms.
HS Code 24012033 is eligible for various special tariff preference programs, which provide duty-free treatment for imports. The programs applicable to this HS code include:
These special tariff preference programs aim to promote trade and economic development by providing preferential treatment for imports from specific countries or regions.
According to the available data, the state of Maine is the primary importer of tobacco under HS Code 24012033. This information indicates that businesses in Maine are actively involved in the importation of tobacco products covered by this HS code.
On the other hand, the tobacco products under HS Code 24012033 are exported from several states in the United States. These states include Kansas, Missouri, Nebraska, South Dakota, Iowa, Minnesota, North Carolina, and Virginia. This information highlights the distribution of tobacco exports across different US states.
HS Code 24012033 plays a crucial role in regulating the import and export of specific types of tobacco. Understanding this HS code is essential for businesses involved in the tobacco industry, as it determines the duty rates, quantity unit, and eligibility for special tariff preference programs. Additionally, knowing the importing and exporting US states provides valuable insights into the geographical distribution of tobacco trade under this HS code.