The HS Code 24031060 refers to a specific product category known as smoking tobacco. This code is used to classify smoking tobacco, whether or not it contains tobacco substitutes, which is intended for use in cigarettes. The classification is further described in additional US note 5 to chapter 24 of the Harmonized System (HS).
Smoking tobacco falls under HS Code 24031060. It encompasses tobacco products specifically designed for smoking purposes. This includes tobacco used in cigarettes, cigars, pipe tobacco, and other similar products. The code helps in properly categorizing and tracking the import and export of smoking tobacco.
The bound / MFN (Most Favored Nation) duty rate for smoking tobacco under HS Code 24031060 is 32.8 cents per kilogram (kg). The MFN duty rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that the same duty rate is applied to all trading partners for the same goods or services.
The quantity unit for smoking tobacco classified under HS Code 24031060 is kilograms (KG). This unit of measurement helps in accurately quantifying the amount of smoking tobacco being imported or exported.
Smoking tobacco under HS Code 24031060 may be eligible for special tariff preference programs. These programs offer certain countries preferential treatment in terms of duty-free imports. The following programs are applicable to this HS code:
Based on available data, the following US states have reported imports of smoking tobacco under HS Code 24031060:
The following US states have reported exports of smoking tobacco under HS Code 24031060:
Overall, HS Code 24031060 plays a crucial role in the classification, tracking, and regulation of smoking tobacco. It helps ensure consistency in trade barriers and market access while allowing for special tariff preferences for eligible countries. Understanding and correctly applying this code is essential for importers, exporters, and regulatory authorities involved in the smoking tobacco industry.