HTS tariff line · chapter 85
8505.11.00
Permanent magnets and articles intended to become permanent magnets after magnetization: of metal
Analysis
HTS 8505.11.00 covers permanent magnets and articles intended to become permanent magnets after magnetization: of metal under heading 8505 (electromagnets; permanent magnets and articles intended to become permanent magnets after…). US Customs collects import statistics for it under 5 ten-digit suffixes, reported in number of items and kilograms.
Rates on the nearby lines range from duty-free to 4.9%. The costliest confusion would be with 8505.19.30 (other: other) at 4.9%, a difference of 2.8 points on the customs value.
The general duty rate is 2.1% of the customs value, which is in the middle of the rates in chapter 85 (62nd percentile of 624 lines with an ad valorem rate). On a shipment valued at $10,000 that is $210 in duty before any Chapter 99 additions or preference claims.
The column 2 rate, for countries without normal trade relations, is 45%, 21.4 times the general rate.
Goods that qualify under GSP, the Australia FTA, the Automotive Products Trade Act, the Bahrain FTA, the Chile FTA, and 14 others can enter duty-free instead of paying 2.1%. 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.
Statistical suffixes
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 8505.19.10 | Other: flexible magnets | 4.9% |
| 8505.19.20 | Composite good containing flexible magnets | 4.9% |
| 8505.19.30 | Other: other | 4.9% |
| 8505.20.00 | Electromagnetic couplings, clutches and brakes | 3.1% |
| 8505.90.30 | Electromagnetic lifting heads | Free |
| 8505.90.40 | Work holders and parts thereof | Free |
| 8505.90.70 | Electromagnets of a kind used solely or principally for magnetic resonance imaging apparatus, other than apparatus of heading 9018 | Free |
| 8505.90.75 | Other, including parts: other | 1.3% |