The HS Code 24039990 refers to other manufactured tobacco, tobacco substitutes, tobacco extracts, or essences, to be used in cigarettes or other products not elsewhere specified. This code is used to classify and regulate the import and export of these tobacco products.
The bound or Most Favored Nation (MFN) duty rate for HS Code 24039990 is 350%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This high duty rate aims to protect domestic tobacco industries and discourage imports.
The quantity unit for HS Code 24039990 is kilograms (KG). This unit is used to measure the weight of the tobacco products being imported or exported.
There are also special tariff preference programs that apply to HS Code 24039990. These programs provide certain countries with preferential treatment or duty-free access to the United States market. For example:
When it comes to importing HS Code 24039990 into the United States, the top states that receive these tobacco products are Florida, Montana, and Ohio. On the other hand, North Carolina and Virginia are the top states exporting tobacco products classified under HS Code 24039990.
It is important for importers, exporters, and traders of tobacco products to understand and comply with the regulations and tariff rates associated with HS Code 24039990. This ensures smooth and legal trade operations while also considering the impact on domestic tobacco industries and public health.