| HS Code | Official Doc | Tariff Rate | Origin | Destination | Effective Date |
|---|---|---|---|---|---|
| 8467290040 | Doc | 37.5% | CN | US | 2025-05-12 |
Declaration Analysis: SCREWDRIVER BITS – HS Code & Import Considerations
This analysis details the HS code classification and import considerations for “SCREWDRIVER BITS” based on the provided information. We'll break down the relevant HS codes, tax implications, and essential points to ensure smooth customs clearance.
1. HS Code Breakdown & Classification
You've provided descriptions for two potential HS code classifications. Let's examine each:
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Option 1: 8467.29.00.40 – Tools for working in the hand, pneumatic, hydraulic or with self-contained electric or nonelectric motor, and parts thereof: With self-contained electric motor: Other Screwdrivers, nut-runners and impact wrenches
- 84: Machinery and mechanical appliances; parts thereof. This chapter broadly covers tools and machinery.
- 67: Tools for working in the hand, pneumatic, hydraulic or with self-contained electric or nonelectric motor, and parts thereof. This narrows down the category to specifically hand tools and power tools.
- 29: With self-contained electric motor. This specifies tools with their own electric motor.
- 00: Other Screwdrivers, nut-runners and impact wrenches. This further defines the specific type of tool.
- 40: This is the final, most specific code for this classification.
This HS code is most appropriate if your screwdriver bits are designed to be used with a power screwdriver or electric tool. It implies the bits themselves are not hand-operated but require an electric motor for function.
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Option 2: Interchangeable tools for handtools, whether or not power operated, or for machine-tools (for example, for pressing, stamping, punching, tapping, threading, drilling, boring, broaching, milling, turning or screwdriving), including dies for drawing or extruding metal, and rock drilling or earth boring tools; base metal parts thereof: Tools for tapping or threading, and parts thereof: With cutting part containing by weight over 0.2 percent of chromium, molybdenum, or tungsten or over 0.1 percent of vanadium
This HS code is more general and applies to interchangeable tools used with both hand tools and power tools. The key differentiator here is the material composition of the cutting part. If your screwdriver bits contain over 0.2% chromium, molybdenum, or tungsten, or over 0.1% vanadium, this code may be more suitable.
2. Tax Implications (Based on 8467.29.00.40)
According to the provided information, the tax details for HS Code 8467.29.00.40 are as follows:
- Basic Tariff: 0.0%
- Additional Tariff: 7.5%
- Additional Tariff (Post April 2, 2025): 30%
- Total Tax: 37.5%
Important Note: The additional tariff rate will increase to 30% after April 2, 2025. Factor this into your cost calculations if importing after this date.
3. Key Considerations & Recommendations
- Material Composition: Crucially, verify the exact material composition of your screwdriver bits. If they contain the specified percentages of chromium, molybdenum, tungsten, or vanadium, HS Code 8467.29.00.40 may not be the correct classification.
- Functionality: Determine if the bits require an electric motor to function. If they are designed for manual use, a different HS code might be more appropriate.
- Single Declaration: Ensure all items within a single declaration are classified under the same HS code. Mixing classifications can lead to customs delays and penalties.
- Invoice Details: Your commercial invoice should clearly state the material composition, functionality, and intended use of the screwdriver bits.
- Certification: Depending on the final HS code and the importing country's regulations, you may need to provide certifications related to product safety, quality, or material content. Please check the specific requirements of the destination country.
- Value Declaration: Accurately declare the value of the goods. Customs authorities may scrutinize declarations and compare them to market prices.
Disclaimer: This analysis is based on the information provided and is for general guidance only. HS code classification can be complex and subject to interpretation. It is recommended to consult with a qualified customs broker or import specialist for definitive classification and compliance advice.