Tariff Classification is the process of assigning an appropriate tariff code to a product for import or export. Tariff codes are used by customs to determine the rate of duty and taxes applied to a particular item. It is important to accurately classify a product as the wrong classification can result in higher duty or taxes than necessary or even a denial of entry.

Learning to classify goods can be a difficult process as it involves understanding the Harmonized Commodity Description and Coding System (HS), which is an internationally recognized system of names and numbers used to classify traded products. Understanding the HS codes and the related product descriptions is the key to correctly assigning a tariff classification.

world map showing rules of origin.

What is rules of origin?

Understanding the laws of origin for trade compliance classification is crucial for managing the complexity of international trade. This is so that international trade agreements and regulations may define how a product should be handled based on its origin. As a result, it’s crucial to comprehend the rules of origin in order to classify commodities […]

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WCO official logo on world map.

Roles of WCO in Global Trade.

An intergovernmental group called the World Customs Organization (WCO) strives to standardise customs laws and procedures around the world. The only intergovernmental body committed only to the creation and adoption of international customs laws and procedures is the WCO, which was founded in 1952. Its main goals are to enhance international trade, advance the standardisation

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Symbolic images of global tariff and its classification.

What is tariff classification?

When items are imported into a country, a process known as tariff classification is performed to obtain the correct classification code for those goods. Following that, the import taxes and duties that apply to the items are calculated using this code. To make sure that imported items are taxed and duty-paid correctly, the tariff categorization

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Ship at a port. A sign image of trade compliance.

What is Trade Compliance?

International trade and business both depend heavily on trade compliance. It entails making sure that all parties to the trading process, including buyers and sellers, are abiding by the rules and laws that are relevant to the particular nations participating in the transaction. This covers customs, export, import, and other relevant laws and regulations. A

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