| HS Code | Official Doc | Tariff Rate | Origin | Destination | Effective Date |
|---|---|---|---|---|---|
| 8470500060 | Doc | 37.5% | CN | US | 2025-05-12 |
Understanding the Classification & Duty for “Cash Registers (Other)” - HS Code 8470.50.00.60
Here's a breakdown of the HS code 8470.50.00.60, applicable to your declared item "Cash Registers (Other)", originating from China (CN), along with relevant duty information. This information is structured to help you understand the classification and potential costs associated with importing this product.
1. HS Code Breakdown (8470.50.00.60):
The Harmonized System (HS) code is a globally standardized system of names and numbers to classify traded products. Let's dissect this specific code:
- 84: Chapter 84 covers “Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.” This broadly indicates the item falls under machinery.
- 8470: This heading specifically covers “Calculating machines and pocket-size data recording, reproducing and displaying machines with calculating functions; accounting machines, postage-franking machines, ticket-issuing machines and similar machines, incorporating a calculating device; cash registers.” This narrows down the classification to machines with calculating capabilities, including cash registers.
- 8470.50: This subheading focuses on “Cash registers.” It distinguishes cash registers from other types of calculating machines.
- 8470.50.00: Further specifies the type of cash register. In this case, it's a general classification for "Other" cash registers, meaning it doesn't fall into more specific categories within 8470.50 (e.g., those with specific features or integrated systems).
- 8470.50.00.60: This is the most specific code, used for tariff purposes. It indicates the country of origin is China.
2. Duty Rates & Taxes:
Based on the provided information, the following taxes apply to imports of "Cash Registers (Other)" from China:
- Basic Duty: 0.0% - Currently, there is no basic import duty applied to this product.
- Additional Tariff (Safeguard Duty): 7.5% - This is an additional tariff imposed on certain products.
- Additional Tariff (Post April 2025.4): 30% - A significant increase to 30% will be applied after April 2025.4.
- Total Tax: 37.5% (This is the combined effect of the additional tariffs. It's important to note this is in addition to any other applicable taxes or fees.)
3. Important Considerations & Recommendations:
- Material Composition: The classification of cash registers can be affected by the materials used in their construction. For example, a cash register with a significant amount of plastic might have a different classification than one made primarily of metal. Please verify the material composition of your cash registers to ensure accurate classification.
- Functionality: If your cash registers have advanced features beyond basic calculation and recording (e.g., integrated payment processing, inventory management, network connectivity), this could potentially change the HS code.
- Valuation: The declared value of the cash registers is crucial for duty calculation. Ensure the declared value accurately reflects the transaction value.
- Certification: Depending on the specific features and intended use of the cash registers, certain certifications (e.g., safety standards, metrology certifications) may be required for import. Please check the import regulations of your destination country to determine if any certifications are necessary.
- Post-April 2025.4 Tariff Increase: Be aware of the significant tariff increase scheduled for April 2025.4. Consider accelerating imports or adjusting pricing strategies accordingly.
- Rules of Origin: Ensure your products meet the Rules of Origin requirements to qualify for preferential tariff treatment under any applicable trade agreements.
Disclaimer: This information is based on the data provided and general understanding of HS coding. Import regulations are complex and subject to change. It is highly recommended to consult with a licensed customs broker or relevant authorities to confirm the correct HS code and applicable duties for your specific shipment.