Analysis
HTS 8447.20.30 covers v-bed flat knitting machines: other under heading 8447 (knitting machines, stitch-bonding machines and machines for making gimped yarn, tulle…).
Within this group the rate runs from duty-free to duty-free. Compared with 8447.20.60 (flat knitting machines; stitch-bonding machines: other), which pays duty-free, a misclassification either way moves the duty by 2.6 percentage points.
The general duty rate is 2.6% of the customs value, which is above most the rates in chapter 84 (71st percentile of 823 lines with an ad valorem rate). On a shipment valued at $10,000 that is $260 in duty before any Chapter 99 additions or preference claims.
The column 2 rate, for countries without normal trade relations, is 40%, 15.4 times the general rate.
Goods that qualify under GSP, the Australia FTA, the Bahrain FTA, the Chile FTA, the Colombia TPA, and 12 others can enter duty-free instead of paying 2.6%. 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.
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 8447.20.20 | Power driven flat knitting machines over 50.8 cm in width | Free |
| 8447.20.40 | Warp knitting machines | Free |
| 8447.20.60 | Flat knitting machines; stitch-bonding machines: other | Free |