The HS Code 24012060 refers to tobacco that has been partially or completely stemmed (stripped), threshed, or processed in a similar manner, and specifically originates from cigar leaf. This code is used internationally to classify and regulate the import and export of this particular type of tobacco.
When it comes to trade barriers and market access, the bound or most-favored-nation (MFN) duty rate for HS Code 24012060 is free. This means that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This encourages fair and equitable trade practices.
The quantity unit for HS Code 24012060 is kilograms (KG). This unit is used to measure the weight of the tobacco being imported or exported.
Various special tariff preference programs apply to HS Code 24012060. These programs offer different rates for different countries. The following countries enjoy duty-free treatment: A*, CA, CL, E, IL, J, MA, MX, OM, P, PE, and SG. Australia has a special rate of 26.3? per kilogram (KG), while Bahrain has a special rate of 19.8? per KG.
Importing of HS Code 24012060 into the United States is primarily done by the state of Maine. This suggests that there is a significant demand for this type of tobacco in Maine. On the other hand, the exporting of HS Code 24012060 from the United States is mainly done by the states of Kansas, Missouri, Nebraska, South Dakota, Iowa, Minnesota, and North Carolina, among others. This indicates that these states have a strong presence in the production and supply of this type of tobacco.
HS Code 24012060 pertains to tobacco that has been stemmed, threshed, or similarly processed from cigar leaf. Its international trade is regulated and classified using this code. The duty rates, quantity unit, and special tariff preference programs associated with this HS Code vary depending on the country of origin and destination. Understanding the HS Code system is crucial for importers, exporters, and policymakers to ensure fair and efficient trade practices.