Tobacco is a popular and widely used product around the world. It is consumed in various forms, including cigarettes, cigars, and chewing tobacco. To regulate the trade and ensure proper classification, the World Customs Organization (WCO) has created a Harmonized System (HS) code. In this article, we will delve into HS Code 24012035, which refers to tobacco, partly or wholly stemmed/stripped, n/threshed or similarly proc., not or n/over 35% wrapper, flue-cured burley etc, other nesi.
The HS Code 24012035 provides a detailed description of the product. It specifies that the tobacco should be partly or wholly stemmed/stripped, not threshed or similarly processed. Additionally, the tobacco should not contain over 35% wrapper and should fall under the category of flue-cured burley, etc.
When it comes to trade barriers and market access, the bound or most-favored-nation (MFN) duty rate for HS Code 24012035 is 350%. This means that whenever 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 ensures fair and equal treatment for all countries involved in the trade of tobacco products.
The quantity unit for HS Code 24012035 is kilograms (KG). This unit of measurement provides a standardized way to quantify the amount of tobacco being traded.
Furthermore, there are special tariff preference programs available for HS Code 24012035. These programs offer preferential treatment or exemptions from duties for certain countries. For example, Canada, Israel, Mexico, Australia, Bahrain, Chile, Morocco, Oman, Dominican Republic, Central American countries (DR-CAFTA), Peru, and Singapore have specific rates or treatment under these programs for the importation of tobacco products.
Importing US states for HS Code 24012035 are primarily concentrated in Maine. This suggests that Maine is a significant market for tobacco products, particularly those falling under HS Code 24012035.
On the other hand, the exporting US states for HS Code 24012035 include Kansas, Missouri, Nebraska, South Dakota, Iowa, Minnesota, and North Carolina. These states play a crucial role in supplying tobacco products to international markets.
HS Code 24012035 covers tobacco products that are partly or wholly stemmed/stripped, not threshed or similarly processed, and do not contain over 35% wrapper. The code helps regulate the trade of tobacco products and ensures fair treatment for all trading partners. Understanding the HS code is essential for importers, exporters, and customs authorities to classify and facilitate the trade of tobacco products accurately.