8480.49.00

Analysis

HTS 8480.49.00 covers molds for metal or metal carbides: other types under heading 8480 (molding boxes for metal foundry; mold bases; molding patterns; molds for metal (other…). US Customs collects import statistics for it under 2 ten-digit suffixes, reported in number of items.

Within this group the rate runs from duty-free to 3.8%. Compared with 8480.79.10 (molds for shoe machinery), which pays duty-free, a misclassification either way moves the duty by 3.1 percentage points.

The general duty rate is 3.1% of the customs value, which is above most the rates in chapter 84 (77th percentile of 823 lines with an ad valorem rate). On a shipment valued at $10,000 that is $310 in duty before any Chapter 99 additions or preference claims.

For statistics it divides in two: 8480.49.00.10 for molds for centrifugal casting of ductile iron pipe and 8480.49.00.90 for other. Both pay the same duty; the suffix records which kind was imported.

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 3.1%. 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 35%, 11.3 times the general rate.