General HS Code Structure
The structure of HS codes is organized into several components:
- Chapter: The first two digits represent the chapter. For example, "85" stands for "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles".
- Heading: The next two digits indicate the heading within the chapter. For example, "8505" refers to "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".
- Subheading: The following two digits specify the subheading. For example, "8505.11" refers to "Permanent magnets and articles intended to become permanent magnets after magnetization".
- Extension: The last two digits provide further detail. For example, "8505.11.00" is a specific code for "Of metal".
Refer to the table above to find the right HS code for magnet based on your requirements.
FAQ on Magnet HS Code
Is the HS code for magnet the same in every country?
No, the HS code for magnets is not the same in every country. While the first six digits are standardized globally, the last digits can vary based on national regulations and specific product classifications.
What happens if the HS code is incorrect?
Incorrect HS codes can lead to shipment delays, fines, and additional inspections. Misclassification may also result in incorrect duty payments, causing financial losses and potential legal complications for businesses involved in international trade.
Does the HS code need to be included in shipping and customs documentation?
Yes, the HS code must be included in shipping and customs documentation to ensure accurate classification, proper duty assessment, and compliance with international trade regulations, thereby avoiding delays and penalties.
Can one product have multiple HS codes?
Yes, one product can have multiple HS codes if it has different components or uses. For instance, a magnet used in medical devices may have a different HS code than the same magnet used in industrial machinery.
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