HS Code 85051100
Permanent Magnets And Articles Becoming Permanent Magnets Of Metal
Worked example
On an assessable value of BDT 100,000, the total duty and taxes payable on 85051100 would be approximately BDT 28,730.00, because the Total Tax Incidence is 28.73% of the assessable value.
What these figures mean
Permanent Magnets And Articles Becoming Permanent Magnets Of Metal is classified under HS code 85051100, which sits in heading 8505 (Electro-magnets; permanent magnets, intended permanent magnets; electro-magnetic, permanent magnet chucks, clamps, similar; electromagnetic couplings, clutches, brakes; electro-magnetic lifting heads) of chapter 85 (Electrical machinery and equipment and parts thereof; sound and television recorders and reproducers).
Under the Bangladesh Operative Tariff 2026-2027 this line attracts Customs Duty of 1%, Supplementary Duty of 0%, VAT of 15%, Advance Income Tax of 5%, Regulatory Duty of 0% and Advance Tax of 7.5%. Combined, these produce a Total Tax Incidence of 28.73%, which is the figure to multiply by the assessable value of your consignment.
The assessable value is normally the CIF value of the goods plus landing charges. Duties and taxes are applied in a defined order rather than simply added together, which is why the TTI is not the plain sum of the individual rates.
Recorded imports
Between December 2025 and May 2026, NBR recorded commercial imports under 85051100 in 6 of 6 months, totalling 22,159 kg at an assessable value of BDT 13,748,829. That is an average of BDT 620 per kilogram — useful as a rough check on whether a declared value looks plausible. In May 2026 it was the 2,295th largest of 4,066 tariff lines by assessable value.
| Month | Net weight | Assessable value | Per kg |
|---|---|---|---|
| December 2025 | 133 kg | BDT 544,741 | BDT 4,096 |
| January 2026 | 1,198 kg | BDT 1,124,526 | BDT 939 |
| February 2026 | 2,781 kg | BDT 1,048,630 | BDT 377 |
| March 2026 | 661 kg | BDT 5,567,611 | BDT 8,423 |
| April 2026 | 10,263 kg | BDT 3,033,229 | BDT 296 |
| May 2026 | 7,123 kg | BDT 2,430,092 | BDT 341 |
Bonded imports. A further 8,564 kg worth BDT 15,102,647 entered under the bonded-warehouse regime in the same period — goods brought in duty-free as inputs on the undertaking that they leave again as exports, which in Bangladesh overwhelmingly means ready-made garments. Bonded entries account for 52.3% of the total value imported under this code, the rest entering commercially.
Import figures: NBR Import Statements (IM-4 commercial, IM-7 bonded), December 2025 – May 2026. Assessable value is the customs value on which duty is charged, not the retail or invoice price.
Source: NBR Operative Tariff 2026-2027. The full schedule was reconciled against NBR's online duty calculator before publication; figures were last checked against NBR's live operative tariff search on 10 October 2026.
How this line compares
Chapter 85 contains 412 tariff lines, averaging 52.09%. At 28.73%, 85051100 sits below that average by 23.36 percentage points. It is the 338th most heavily taxed line in the chapter.
Across the whole Operative Tariff the mean is 61.08%, so this line is cheaper than the typical import by 32.35 points.
No supplementary duty applies here, which is the normal case — SD is zero on 78% of the tariff. Where it does apply it usually dominates every other component.