Found 1 matching results
(CN → US)
| HS Code | Product Description | Official Doc | Tariff Rate | Origin | Destination | Effective Date |
|---|---|---|---|---|---|---|
| 8467290040 | 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 | Doc | 37.5% | CN | US | 2025-05-12 |
Okay, let's break down the classification and tax implications for your declared item: ELECTRIC WRENCH. Based on the HS Code provided, here's a detailed analysis:
1. HS Code Breakdown: 8467.29.00.40
- 84: This chapter covers "Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof." Essentially, it covers a wide range of industrial and manufacturing equipment.
- 67: This heading specifically focuses on "Tools for working in the hand, pneumatic, hydraulic or with self-contained electric or nonelectric motor, and parts thereof." This narrows it down to hand tools powered by various means.
- 29: This subheading further specifies "With self-contained electric motor." This means your electric wrench has its own electric motor built-in, as opposed to being powered by an external source.
- 00: This further specifies the item.
- 40: This is the final, most specific code, indicating "Other Screwdrivers, nut-runners and impact wrenches". This is where your ELECTRIC WRENCH falls.
In summary, HS Code 8467.29.00.40 is specifically for electric-powered screwdrivers, nut-runners, and impact wrenches.
2. Tax Implications
- Basic Tariff: 0.0% - This means there is no base import duty on the item itself.
- Additional Tariff: 7.5% - This is an extra duty applied on top of the basic tariff.
- Additional Tariff (Post April 2, 2025): 30% - Important! The additional tariff will increase to 30% after April 2, 2025. This is a significant change.
- Total Tax: 37.5% (Currently) - This is the combined rate of the basic and additional tariffs.
3. Important Considerations & Recommendations
- Material Composition: The material used in the wrench (e.g., steel, plastic, etc.) could affect the tax rate in some cases, although it's less common with this HS Code. It's good to have this information readily available.
- Unit Price: The declared value (unit price) of the wrench is crucial. Customs will assess the value to ensure it's accurate. Under-declaring the value can lead to penalties.
- Certification: Depending on the destination country's regulations, you may need specific certifications for electric tools (e.g., CE marking for Europe, UL listing for the US). Please verify the import requirements of the destination country to avoid delays or rejection of your shipment.
- Battery Inclusion: If the wrench is shipped with a battery, the battery itself may be subject to separate regulations and taxes. Clarify this with your freight forwarder.
- Trade Agreements: Check if there are any trade agreements between China and the destination country that could reduce or eliminate tariffs.
Actionable Steps:
- Confirm Destination Country Regulations: The most important step is to verify the specific import requirements and certification needs for electric tools in the country you are importing to.
- Accurate Valuation: Ensure the declared value of the wrench is accurate and reflects the true transaction price.
- Prepare Documentation: Gather all necessary documentation, including the commercial invoice, packing list, and any relevant certifications.
- Monitor Tariff Changes: Be aware of the tariff increase scheduled for April 2, 2025, and plan your shipments accordingly.
Disclaimer: I am an AI assistant and this information is for general guidance only. Import regulations are complex and subject to change. It is always best to consult with a licensed customs broker or freight forwarder for specific advice tailored to your situation.