Leaf tobacco is a widely consumed product, and its trade is regulated by various codes and tariffs. One such code is the HS Code 24012005, which refers to leaf tobacco that is a product of two or more countries or dependencies, when mixed or packed together, partly or wholly stemmed, and not threshed. In this article, we will explore the details of this HS Code and provide valuable information about its import and export.
The HS Code 24012005 specifically pertains to leaf tobacco. It includes tobacco leaves that have been partially or completely stemmed but have not undergone the threshing process. This code is applicable when the tobacco is mixed or packed together and originates from multiple countries or dependencies.
The bound or most-favored-nation (MFN) duty rate for HS Code 24012005 is $5.48 per kilogram (kg). The MFN duty rate is applicable every time a country lowers a trade barrier or opens up a market, and it must be applied uniformly to the same goods or services from all trading partners. This duty rate ensures fair trade practices and equal treatment for all countries involved in the trade of leaf tobacco.
The quantity unit for HS Code 24012005 is kilograms (KG). This unit of measurement is used to determine the weight of the leaf tobacco being imported or exported. It provides a standardized measurement that facilitates accurate trade calculations and ensures transparency in the transaction process.
The HS Code 24012005 is eligible for various special tariff preference programs, which offer specific duty rates based on the country of import or other factors. These programs include:
The HS Code 24012005 is relevant for leaf tobacco imports and exports within the United States. The data provided indicates the importing and exporting states for this particular HS Code.
The above states are involved in the import and export of leaf tobacco under HS Code 24012005. These states play a significant role in the leaf tobacco trade within the United States.
HS Code 24012005 encompasses leaf tobacco that is mixed or packed together, partly or wholly stemmed, and not threshed. It carries a bound / MFN duty rate of $5.48 per kg and is measured in kilograms (KG). Various special tariff preference programs offer duty-free treatment or reduced duty rates for imports falling under this HS Code. The importing and exporting states within the United States for this HS Code include Maine, Kansas, Missouri, Nebraska, South Dakota, Iowa, Minnesota, North Carolina, and Virginia. Understanding the nuances of HS Code 24012005 facilitates informed decision-making and promotes fair trade practices in the leaf tobacco industry.