Fishing Magnet Assembly

Powerful electromagnet tool lowered into oil/gas wells to retrieve dropped metal objects like drill bits or tools. Classified in HTS 8430.49.8020 for specialized gas field boring retrieval machinery.

Import Duty Rates by Country of Origin

Origin CountryMFN RateCh.99 SurchargesTotal Effective Rate
🇨🇳ChinaFree+35.0%35%
🇲🇽MexicoFree+10.0%10%
🇨🇦CanadaFree+10.0%10%
🇩🇪GermanyFree+10.0%10%
🇯🇵JapanFree+10.0%10%

Alternative Classifications

This product could be classified differently depending on its characteristics or intended use.

8505.19.10Higher: 39.9% vs 35%

If imported primarily as industrial electromagnets without well-specific adaptations

General electromagnets classified by function in Chapter 85.

8431.49.90Same rate: 35%

If as accessory tools for complete fishing tool strings

Fishing accessories fall under parts of boring machinery in 8431.

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Import Tips & Compliance

Include magnetic strength gauss ratings; provide NACE MR0175 compliance for sour service; separate magnets from handling tools in documentation