HS Code 8505.11.00.10

HS code 8505.11.00.10 is a Canadian 10-digit tariff item covering Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetization; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads. - Permanent magnets and articles intended to become permanent magnets after magnetization: - Of metal - Containing neodymium. It falls under Chapter 85 — Electrical machinery of the Canadian Customs Tariff, within heading 8505 and subheading 8505.11. This code is used by the Canada Border Services Agency (CBSA) to determine customs duties, taxes, and regulatory compliance when you import into Canada.

The MFN (Most Favoured Nation) duty rate for 8505.11.00.10 is Free. This means no customs duty is charged regardless of the country of origin, though GST/HST and other applicable taxes still apply. 21 preferential trade agreements are available for this code, of which 21 offer duty-free access (for example: Commonwealth Caribbean Countries Tariff, Least Developed Country Tariff, General Preferential Tariff, United States Tariff, Mexico Tariff).

Key trade agreement eligibility: CUSMA (USA, Mexico) duty-free · CETA (EU) duty-free · CPTPP (Asia-Pacific) duty-free.