| HS Code | Official Doc | Tariff Rate | Origin | Destination | Effective Date |
|---|---|---|---|---|---|
| 8505191000 | Doc | 59.9% | CN | US | 2025-05-12 |
Understanding the Classification and Duty for "RUBBER COATED MAGNET" – A Comprehensive Guide
Based on the provided information, you're looking to classify "RUBBER COATED MAGNET" for import from China (CN). Here's a breakdown of the relevant HS codes, duty rates, and important considerations:
1. HS Code Breakdown & Analysis
You've provided two potential HS codes. Let's examine each:
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3901.90.00.00 – Polymers of ethylene, in primary forms: Other: Elastomeric
- 39: Plastics and rubber and articles thereof. This chapter covers a wide range of polymeric materials.
- 01: Polymers of ethylene. Specifically focuses on polyethylene-based materials.
- 90: Other. This indicates the product isn't specifically covered in earlier subheadings within the chapter.
- 00: Further specifies the product.
- Relevance: This HS code could apply if the rubber coating is the dominant component and is being imported in a primary form (e.g., sheets, granules). However, it's less likely if the magnet itself is the functional part.
-
8505.19.10.00 – Electromagnets; permanent magnets and articles intended to become permanent magnets after magnetization; electromagnetic or permanent magnet chucks, clamps and similar holding devices; electromagnetic couplings, clutches and brakes; electromagnetic lifting heads; parts thereof: Permanent magnets and articles intended to become permanent magnets after magnetization: Other: Flexible magnets
- 85: Electrical machinery and equipment and parts thereof; sound recording or reproducing apparatus, television-image multiplier tubes, klystrons, magnetrons and like tubes. This chapter covers a broad range of electrical components.
- 05: Electromagnets; permanent magnets, etc. This specifically focuses on magnetic devices.
- 19: Permanent magnets and articles intended to become permanent magnets. This narrows down the classification to permanent magnetic items.
- 10: Other: Flexible magnets. This is the most specific code provided and likely the most accurate for a rubber-coated flexible magnet.
Based on the description "RUBBER COATED MAGNET", HS Code 8505.19.10.00 is the more appropriate classification. The rubber coating is likely a secondary component providing protection or adhesion, while the magnet is the primary functional element.
2. Duty Rates & Tax Implications (HS Code 8505.19.10.00)
- Basic Duty: 4.9%
- Additional Tariff: 25.0% (Currently in effect)
- Additional Tariff (Post April 2025): 30.0%
- Total Duty: 59.9%
Important Note: The additional tariff is subject to change. The 30% rate will be applied after April 2025. Always confirm the latest rates with your customs broker or the relevant customs authority.
3. Key Considerations & Required Documentation
- Material Composition: Confirm the exact composition of both the magnet and the rubber coating. This is crucial for accurate classification. A Material Safety Data Sheet (MSDS) for the rubber coating can be helpful.
- Magnet Type: Specify the type of magnet (e.g., ferrite, neodymium, alnico).
- Single Invoice Value: The total tax rate is calculated based on the declared value of the goods.
- Country of Origin: Ensure the declared country of origin is accurate.
- Commercial Invoice: A detailed commercial invoice is required, including a clear description of the goods, quantity, unit price, and total value.
- Packing List: A packing list detailing the contents of each package is essential.
- Certifications: Depending on the application of the magnet, you may need to provide certifications (e.g., RoHS, REACH).
- Import License: Check if an import license is required for magnets in your country.
4. Proactive Steps & Recommendations
- Consult a Customs Broker: It is highly recommended to consult with a licensed customs broker in your country. They can provide expert guidance on classification, duty rates, and required documentation.
- Obtain a Binding Ruling: If you are unsure about the correct classification, consider applying for a binding ruling from your customs authority. This provides legal certainty.
- Verify Tariff Changes: Regularly check for updates to tariff rates and regulations.
- Prepare Documentation in Advance: Gather all required documentation before importing to avoid delays and penalties.
Disclaimer: This information is for general guidance only and does not constitute professional advice. Customs regulations are complex and subject to change. Always consult with a qualified customs broker or the relevant customs authority for accurate and up-to-date information.