Analysis
HTS 9029.20.60 covers speedometers and tachometers; stroboscopes: stroboscopes under heading 9029 (revolution counters, production counters, taximeters, odometers, pedometers and the like…).
The general rate is 16¢ each + 2.5%, a specific or compound duty rather than a simple percentage, so the effective burden depends on the unit value of the goods: cheap goods pay proportionally more than expensive ones. Importers usually convert it to an ad valorem equivalent to compare it with other lines.
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 16¢ each + 2.5%. 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 other lines in the same group are 9029.20.20 (bicycle speedometers, 6%) and 9029.20.40 (speedometers and tachometers; stroboscopes: other…, duty-free).
Census statistics map these goods to NAICS 334515 (Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals), an industry of 672 US establishments employing 29,914 people, the industry a domestic producer of these goods reports under.
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 9029.20.20 | Bicycle speedometers | 6% |
| 9029.20.40 | Speedometers and tachometers; stroboscopes: other speedometers and tachometers | Free |