Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 24039920: Other Manufactured Tobacco, Tobacco Substitutes, Tobacco Extracts or Essences, Prepared for Marketing Directly to Consumer as Packaged

When it comes to international trade, it is essential to have a standardized system that allows for the smooth flow of goods and services across borders. This is where the Harmonized System (HS) code comes into play. The HS code is an internationally recognized system that classifies products for customs purposes. In this article, we will take a closer look at HS Code 24039920, which refers to other manufactured tobacco, tobacco substitutes, tobacco extracts or essences prepared for marketing directly to the consumer as packaged.

Product Description: HS Code 24039920 covers a wide range of tobacco-related products that are not classified under other specific categories. This includes manufactured tobacco products, tobacco substitutes, tobacco extracts, and essences that are packaged and ready for direct marketing to consumers.

Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 24039920 is set at 24.7 cents per kilogram (KG). The MFN duty rate is applicable whenever a country lowers a trade barrier or opens up a market, ensuring that the same goods or services receive equal treatment from all trading partners.

Quantity Unit: The quantity unit for HS Code 24039920 is kilograms (KG). This means that the measurement and pricing of the products falling under this HS code are based on their weight in kilograms.

Special Tariff Preference Programs: Certain countries have established special tariff preference programs that offer preferential treatment for imports classified under HS Code 24039920. These programs include:

• Free Trade Agreement (FTA) with the United States: Imports from Australia, Bahrain, Canada, Chile, Dominican Republic, Israel, Mexico, Morocco, Oman, Peru, Singapore, and certain African countries are eligible for duty-free treatment under specific conditions.
• Australia Special Rate: Australia has a special rate for imports classified under this HS code, allowing for reduced or duty-free treatment.
• Bahrain Special Rate: Bahrain offers a special rate for imports falling under HS Code 24039920, providing favorable duty treatment.
• North American Free Trade Agreement (NAFTA): Both Canada and Mexico have duty-free treatment for products classified under this HS code.
• Chile Special Rate: Chile offers a special rate for imports of tobacco products under this HS code, ensuring reduced or duty-free treatment.
• Africa Growth and Opportunity Act (AGOA): Certain African countries benefit from duty-free treatment for imports classified under HS Code 24039920.
• Caribbean Basin Initiative (CBI): Countries included in the CBI program receive duty-free treatment for imports of tobacco products under this HS code.
• Israel Special Rate: Israel provides a special rate for imports classified under this HS code, granting duty-free treatment under specific conditions.
• Andean Trade Preference Act (ATPA): Certain countries in South America are eligible for duty-free treatment under this special tariff preference program.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program grants duty-free treatment to eligible countries in the Dominican Republic and Central America for imports of tobacco products under this HS code.
• Peru Special Rate: Peru offers a special rate for imports classified under HS Code 24039920, ensuring reduced or duty-free treatment.
• Singapore Special Rate: Singapore provides a special rate for imports falling under this HS code, allowing for favorable duty treatment.

Importing US States: The following US states are known to import products classified under HS Code 24039920:

• Florida
• Montana

Exporting US States: The following US states are known to export products classified under HS Code 24039920:

• North Carolina
• Virginia
• Montana
• Ohio

HS Code 24039920 plays a crucial role in facilitating global trade of manufactured tobacco products, tobacco substitutes, tobacco extracts, and essences prepared for direct marketing to consumers. The associated duty rates and special tariff preference programs further contribute to the ease of international transactions. By adhering to the HS code system, countries can ensure fair and consistent treatment of goods and services, promoting a balanced global trading environment.