Tobacco is a popular agricultural product that has been cultivated and used for centuries. It is primarily used for smoking, chewing, or snuffing. The classification of different types of tobacco products is crucial for international trade. One such classification is HS Code 24012057, which refers to tobacco that is partially or wholly stemmed/stripped, not threshed or similarly processed, and does not exceed 35% wrapper content. This article aims to provide an extensive guide to HS Code 24012057, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS Code 24012057 refers to tobacco products that are partially or wholly stemmed/stripped but not threshed or similarly processed. These products do not exceed 35% wrapper content and do not include flue-cured burley tobacco. The classification of tobacco products based on HS codes helps in identifying and categorizing them for international trade purposes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 24012057 is 39.7 cents/kg. 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. The duty rate ensures fair trade practices and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 24012057 is kilograms (KG). This unit of measurement is commonly used for trade purposes to determine the quantity of tobacco products being imported or exported. It provides a standardized unit for easy comparison and calculation of the volume of tobacco being traded.
HS Code 24012057 is eligible for various special tariff preference programs. These programs offer preferential treatment in terms of duty rates for specific countries or regions. The following are the special tariff preference programs applicable to HS Code 24012057:
These special tariff preference programs aim to promote trade and economic cooperation among participating countries by reducing or eliminating customs duties on specific products.
HS Code 24012057 is imported by the state of Maine in the United States. Maine is known for its tobacco industry and imports this particular type of tobacco product. On the other hand, the exporting US states for HS Code 24012057 include Kansas, Missouri, Nebraska, South Dakota, Iowa, Minnesota, and North Carolina, among others. These states are major producers and exporters of tobacco products, including the specified type classified under HS Code 24012057.
HS Code 24012057 is a specific classification for tobacco products that are partially or wholly stemmed/stripped, not threshed or similarly processed, and do not exceed 35% wrapper content. It is important for international trade purposes to accurately identify and categorize tobacco products. The duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with HS Code 24012057 provide valuable information for businesses, policymakers, and traders involved in the tobacco industry.