When it comes to cigars, cheroots, and cigarillos containing tobacco, one of the most important aspects to consider is the HS Code. The HS Code 24021080 specifically refers to cigars, cheroots, and cigarillos that are valued at 23 cents or over. In this article, we will delve into the details of this HS Code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS Code 24021080 covers cigars, cheroots, and cigarillos that contain tobacco and are individually valued at 23 cents or more. This specific product description is crucial for customs officials and traders to accurately identify and classify these tobacco products during import and export procedures.
The bound / MFN (Most Favored Nation) duty rate for HS Code 24021080 is 57 cents per kilogram. Additionally, there is a 1.4% duty rate increase every time a country lowers a trade barrier or opens up a market. This means that if a country reduces its trade restrictions or tariff rates for similar goods or services, it must do so for all its trading partners, maintaining fair and equal trade practices.
The quantity unit used for HS Code 24021080 is thousand units (THS). This unit of measurement helps in accurately quantifying the number of cigars, cheroots, and cigarillos being imported or exported under this HS Code.
Several special tariff preference programs are applicable to HS Code 24021080. These programs provide certain countries with preferential treatment in terms of duty rates. The following are the special tariff preference programs for this HS Code:
These special tariff preference programs aim to promote trade and economic cooperation between countries, providing certain nations with advantageous duty rates for importing or exporting cigars, cheroots, and cigarillos under HS Code 24021080.
When it comes to the importing of cigars, cheroots, and cigarillos under HS Code 24021080, the data shows that the state of Florida is the primary destination. However, it is important to note that the data provided only mentions Florida as the importing state, without specifying the quantity or value of imports.
On the other hand, the data does not mention any specific US states as exporters of cigars, cheroots, and cigarillos under HS Code 24021080. This information implies that the exporting states are not limited to a particular region, and the goods may be sourced from various states across the country.
HS Code 24021080 plays a crucial role in the import and export of cigars, cheroots, and cigarillos containing tobacco. It allows for accurate classification, determines duty rates, and provides valuable information about special tariff preference programs. Understanding this HS Code is essential for traders, customs officials, and anyone involved in the international trade of tobacco products.