Finanse publiczne · 5.12.1994

Tariff Classification of Imported Magnets

This document gives notice of a change of position regarding the classification of imported articles consisting of small metal or barium ferrite magnets placed in a plastic, textile or ceramic housing (sometimes referred to as refrigerator or household magnets), under the Harmonized Tariff Schedule of the United States (HTSUS). Customs has ruled in the past that based on the composition of the magnet, it was classified either as an article of metal under heading 7323, HTSUS, or as an article of ceramic (barium ferrite) under heading 6912, HTSUS. Customs now believes that because composite goods consisting of magnets and a textile, plastic or ceramic housing or shell, have the essential character of magnets, they are properly classifiable as such under heading 8505, HTSUS. The result of this change of position is a small decrease in the rate of duty on the subject merchandise. DATES: The change in tariff classification resulting from this decision will be effective on or after December 5, 1994 for all entries not finally liquidated as well as to merchandise entered for consumption or withdrawn from warehouse on or after this date.