HS Code for NdFeB Permanent Magnets (HS 8505.11)
Sintered neodymium-iron-boron magnets are the highest-energy commercial permanent magnets - core input for EV traction motors and permanent-magnet direct-drive wind turbines. China controls ~87% of finished-magnet capacity. US IRA §30D minerals requirements and EU CRMA (2024) drive nascent ex-China supply.
Sample 6-digit codes
| Code | Description |
|---|---|
| 8505.11 | Permanent magnets and articles intended to become permanent magnets, of metal |
| 8505.19 | Permanent magnets, other |
| 2846.90 | Compounds of rare earths, other (feedstock) |
Typical import duty by market
| Market | Duty |
|---|---|
| European Union | 2.2% |
| United States | 2.1% MFN + Sec 232 review pending |
| Japan | 0% |
| India (BCD) | 7.5% |
Numerical Example: 2 MT N42SH grade sintered NdFeB, FOB Ningbo USD 68/kg, CIF Hamburg
2 MT N42SH grade sintered NdFeB, FOB Ningbo USD 68/kg, CIF Hamburg. Run your own numbers in the Import Duty & Tax calculator.
- · EU Critical Raw Materials Act 2024 - Nd, Pr, Dy, Tb strategic.
- · US Executive Order 14017 - REE supply chain review.
- · China export control on Sm-Co and heavy rare earths from Dec 2023.
- · China
- · Japan
- · Vietnam
- · Germany
- · United States
Frequently asked questions
The suffix denotes maximum operating temperature: N42 (80°C), SH (150°C), UH (180°C), EH (200°C). EV traction motors typically spec SH/UH; wind turbines N/H. Higher temp grades need more Dy/Tb - hence the cost step-up.
Import duty and tax by destination market
Typical MFN duty, consumption tax and the tax base applied to metals (HS 8505.11) in each market we cover. Rates are indicative at the 6-digit line | confirm the national 8/10-digit code with your broker.
| Market | Duty | Consumption tax | Tax base | Tax as % of CIF |
|---|---|---|---|---|
| India | 10% | IGST 18% | Assessable value + duty | 30.1% |
| United Arab Emirates | 2% | VAT 5% | CIF + duty | 7.1% |
| Saudi Arabia | 2% | VAT 15% | CIF + duty | 17.3% |
| Singapore | 2% | GST 9% | CIF + duty | 11.2% |
| China | 2% | VAT 13% | CIF + duty | 15.3% |
| United States | 1.5% | Federal VAT 0% | CIF | 1.8% |
| United Kingdom | 2% | VAT 20% | CIF + duty | 22.4% |
| Germany | 2% | USt 19% | CIF + duty | 21.4% |
| Netherlands | 2% | BTW 21% | CIF + duty | 23.4% |
| Vietnam | 2% | VAT 10% | CIF + duty | 12.2% |
| Türkiye | 2% | KDV 20% | CIF + duty | 22.4% |
| Japan | 2% | JCT 10% | CIF + duty | 12.2% |
| South Korea | 2% | VAT 10% | CIF + duty | 12.2% |
| Brazil | 16% | IPI+PIS/COFINS+ICMS 32% | CIF + duty | 53.1% |
| Indonesia | 2% | PPN 11% | CIF + duty | 15.7% |
| Mexico | 2% | IVA 16% | CIF + duty | 19.2% |
| Egypt | 2% | VAT 14% | CIF + duty | 16.3% |
| Nigeria | 2% | VAT 7.5% | CIF + duty | 11.3% |
| South Africa | 2% | VAT 15% | Assessable value + duty | 19.0% |
| Australia | 2% | GST 10% | CIF + duty | 12.2% |
Run your own numbers with the landed cost calculator or check documentation requirements in the LC document checklist.