Analysis
HTS 8480.71.80 covers injection or compression types: other under heading 8480 (molding boxes for metal foundry; mold bases; molding patterns; molds for metal (other…). US Customs collects import statistics for it under 3 ten-digit suffixes, reported in number of items.
Rates on the nearby lines range from duty-free to duty-free. The costliest confusion would be with 8480.71.40 (for the manufacture of semiconductor devices) at duty-free, a difference of 3.1 points on the customs value.
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.
Goods that qualify under GSP, the Australia FTA, the Bahrain FTA, the Chile FTA, the Colombia TPA, and 13 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.
Statistical suffixes
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 8480.71.10 | For shoe machinery | Free |
| 8480.71.40 | For the manufacture of semiconductor devices | Free |