| HS Code | Official Doc | Tariff Rate | Origin | Destination | Effective Date |
|---|---|---|---|---|---|
| 8205595505 | Doc | 60.3% | CN | US | 2025-05-12 |
Okay, let's break down the classification and tax implications for your declared item: LEATHERHOLEPUNCH based on the HS Code provided.
1. HS Code Breakdown: 8205.59.55.05
The HS Code 8205.59.55.05 tells us a lot about how customs will categorize your leather hole punch. Here's a detailed look:
- 82: Chapter 82 – Tools, implements, cutlery, hand tools, and articles of the following description: This broadly covers hand tools.
- 8205: Hand tools (including glass cutters) not elsewhere specified or included; blow torches and similar self-contained torches; vises, clamps and the like, other than accessories for and parts of machine tools or water-jet cutting machines; anvils; portable forges; hand- or pedal-operated grinding wheels with frameworks; base metal parts thereof. This narrows it down to a specific category of hand tools.
- 8205.59: Other handtools (including glass cutters) and parts thereof: Other. This indicates it's a hand tool not specifically listed elsewhere within Chapter 8205.
- 8205.59.55: Of iron or steel. This specifies the material of the tool – iron or steel.
- 8205.59.55.05: Edged handtools: Single edge razor blades other than for shaving. This further defines the tool as an edged hand tool, specifically single-edge razor blades (excluding those for shaving). This is where it gets important – is your leather hole punch truly classified as a single-edge razor blade?
2. Tax Implications
Based on the provided information:
- Basic Duty: 5.3%
- Additional Duty: 25.0% (currently)
- Total Tax: 60.3% (currently)
- Post April 2nd, 2025 Additional Duty: 30.0% (This means the total tax rate will increase to 65.3% after this date.)
3. Important Considerations & Recommendations
- Material Verification: Double-check the exact material composition of your leather hole punch. If it contains significant amounts of materials other than iron or steel, the HS Code might be incorrect. A different material could lead to a different HS Code and tax rate.
- Functionality Review: The classification as a "single edge razor blade" is crucial. If the hole punch's primary function isn't akin to a razor blade (even if it has an edge), you might need to explore other HS Codes within 8205 or related chapters. Provide a detailed description of the tool's use to your customs broker.
- Single Edge Razor Blade Definition: Customs may scrutinize whether your item truly fits the definition of a single-edge razor blade. Be prepared to provide supporting documentation (e.g., product specifications, images) to justify the classification.
- Valuation: Ensure the declared value (single price) is accurate and reflects the true transaction value. Customs will use this value to calculate duties.
- Certification/Compliance: Depending on the final HS Code and the importing country's regulations, you might need specific certifications (e.g., material safety data sheets, quality certificates). Check with your customs broker regarding any required documentation.
- Post-April 2nd, 2025 Changes: Be aware of the upcoming increase in the additional duty rate. Plan accordingly for potential cost increases.
Disclaimer: I am an AI assistant and cannot provide definitive customs advice. This information is for general guidance only. It is highly recommended to consult with a qualified customs broker or import/export specialist in both the exporting (China) and importing country to ensure accurate classification, compliance, and duty calculations. They can assess your specific product and provide tailored advice.