Tariff Classification Learning and Review

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.

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,

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