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New CN Version Unveiled: European Commission Publishes 2023 Combined Nomenclature.

The European Commission has published the latest version of the Combined Nomenclature (CN), applicable from 1 January 2023. The CN is a coding system used to classify goods for customs purposes, and is part of the EU’s Common External Tariff. It enables goods to be classified for EU customs duties and statistical purposes.

The CN is updated each year, and the latest version includes changes to the classification of some goods, as well as new codes for new products and services. This will help to ensure that the EU’s external tariff remains up to date and relevant to the needs of businesses and individuals.

The new version of the CN will be applicable from the start of 2023 and will be used by all EU Member States, as well as the European Economic Area countries and Switzerland. The CN is an important tool for businesses who trade in goods, as it provides certainty and clarity when it comes to the classification of goods for customs purposes.

The European Commission is committed to updating the CN on an annual basis to ensure that it remains relevant and up to date. This latest version is an important step forward in that process, and will help to ensure that the EU’s external tariff is both fair and efficient.

The Combined Nomenclature (CN) is an essential tool for international trade and customs processes. It is the basis for declaring goods for importation, exportation, or intra-Union trade statistics. It is composed of a hierarchical structure of codes and descriptions that are used to identify the type of goods being traded. By using this system, the applicable rate of customs duty can be calculated, as well as how the goods should be treated for statistical purposes.

The CN is based on the Harmonized System (HS) of the World Customs Organization (WCO). The HS is a standardized system of international trade codes and descriptions used to classify goods for customs purposes. The CN is a further refinement of the HS, designed specifically to meet the needs of the European Union (EU). The CN is updated regularly to reflect changes in international trade and EU legislation.

The CN is used by both businesses and customs administrations to facilitate international trade. It helps to ensure that the correct rate of customs duty is applied to goods, and that the right statistical information is collected. This information is used by EU Member States to monitor and manage their international trade, as well as to comply with international trade agreements. It is also used by the EU to assess the impact of its trade policies and to identify potential areas for improvement.

In conclusion, the Combined Nomenclature forms the basis for the declaration of goods for international trade. It helps to ensure that the correct rate of customs duty is applied, and that the right statistical information is collected. This information is essential for business and the Member States’ customs administrations, and helps the EU to manage and monitor its international trade.

Get EU Official Journal L 282 | Source Taxation and Customs Union

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