Tobacco has been a widely consumed product for centuries, and its trade has played a significant role in global commerce. To regulate and facilitate this trade, the international community has established a standardized system known as the Harmonized System (HS) Code. In this article, we will delve into the details of HS Code 24011061, which covers tobacco that is not stemmed or stripped, and is not or not over 35% wrapper tobacco, specifically flue-cured burley, etc., but not intended for cigarettes.
HS Code 24011061 refers to tobacco that has not been stemmed or stripped. It is important to note that this code specifically excludes tobacco intended for cigarettes. The tobacco covered by this HS code includes varieties such as flue-cured burley, among others. Flue-cured burley tobacco is known for its distinctive flavor and is commonly used in the production of various tobacco products.
The bound / most-favored-nation (MFN) duty rate for HS Code 24011061 is 23.9 cents per kilogram (KG). The MFN principle ensures that whenever 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 duty rate applies uniformly to all tobacco imports under this HS code.
The quantity unit for HS Code 24011061 is kilograms (KG). This means that the weight of the tobacco is measured and traded in kilograms. It is a standard unit of measurement used globally to ensure consistency and accuracy in trade transactions.
Under HS Code 24011061, various special tariff preference programs exist that offer different duty rates based on the country of origin. These programs aim to promote trade and economic development for specific countries or regions. The following is a list of the special tariff preference programs applicable to this HS code:
These special tariff preference programs provide varying levels of duty-free treatment or reduced duty rates for tobacco imports under HS Code 24011061, depending on the country of origin. This encourages trade and promotes economic cooperation among the participating countries.
When it comes to importing tobacco under HS Code 24011061, one US state stands out - Maine. Maine has been the primary destination for tobacco imports under this HS code. On the other hand, the exporting US states for tobacco under HS Code 24011061 include Kansas, Missouri, Nebraska, South Dakota, Iowa, and Minnesota. These states play a crucial role in supplying tobacco to meet the demand both domestically and internationally.
HS Code 24011061 covers tobacco that is not stemmed or stripped, not or not over 35% wrapper tobacco, specifically flue-cured burley, etc., but not intended for cigarettes. The code facilitates the regulation and trade of tobacco products globally, ensuring fair and consistent practices. By understanding the details of this HS code, importers, exporters, and traders can navigate the tobacco market more effectively and take advantage of special tariff preference programs.