Goods classification, together with the country of origin and customs value, is used by the customs authority to determine the number of import duties or other levies that need to be paid. Customs Authorities may find you are using the wrong HS Code when they check one of your shipments. When you are AEO Certified, the Customs Authority periodically audits your company. During these audits, they also check the quality of your product classifications.
Anti-Dumping Duties: All You Need to Know
When you import goods into the European Union, you need to pay import duties. In some cases, this can be a preferential rate, meaning a lower rate or even a 0% rate. In some cases, you also have to pay anti-dumping duties.
Upcoming Changes to the Harmonised System per 2022: What You Need to Know
Determination of the customs classification for goods is essential to ensure that goods are correctly classified according to the harmonised system used worldwide. Customs classification is also essential because it is linked to:
What Are The Risks of Using The Wrong HS-Code
Customs Authorities require you to categorise your products with an HS-code(s). Learn more below:
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