Analysis
HTS 7320.10.60 covers suitable for motor vehicle suspension: other under heading 7320 (springs and leaves for springs, of iron or steel). US Customs collects import statistics for it under 2 ten-digit suffixes, reported in kilograms.
The general duty rate is 3.2% of the customs value, which is above most the rates in chapter 73 (83rd percentile of 250 lines with an ad valorem rate). On a shipment valued at $10,000 that is $320 in duty before any Chapter 99 additions or preference claims.
For statistics it divides in two: 7320.10.60.15 for leaf springs having individual leaves with a thickness of… and 7320.10.60.60 for other. Both pay the same duty; the suffix records which kind was imported.
Goods that qualify under GSP, the Australia FTA, the Automotive Products Trade Act, the Bahrain FTA, the Chile FTA, and 13 others can enter duty-free instead of paying 3.2%. It is also eligible under GSP, the developing-country programme, which Congress has to renew; check whether GSP is in force on the entry date.
The column 2 rate, for countries without normal trade relations, is 25%, 7.8 times the general rate.
Statistical suffixes
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 7320.10.30 | To be used in motor vehicles having a G.V.W. not exceeding 4 metric tons | 3.2% |
| 7320.10.90 | Leaf springs and leaves therefor: other | 3.2% |