Commodity Code Classification
No matter how many commodity codes you need classified, we assist you through the entire process.
Commodity Code Classification at Tullify:
One of the cornerstones of customs management is the classification of commodity codes, meaning you correctly classify your goods.
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Classification of goods involves determining a specific commodity code for each item. For export processes, eight-digit CN numbers are used, while import processes require ten-digit TARIC numbers according to the current customs tariff. We help you classify the commodity code with eight or ten digits, depending on whether it involves import or export.
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Optimize your import with correct commodity code classification. Each item crossing an international border is assigned a unique commodity code crucial for customs management. This code is central because it determines not only the customs duties, taxes, and other fees to be paid but also affects official import statistics.
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For smooth and accurate classification, it is essential that each importer uses the correct commodity code according to the detailed customs tariff, TARIC (Integrated Tariff of the European Communities), which is a common standard for all EU countries.
This list is continuously updated to reflect changes in legislation and trade agreements and can easily be found via the Swedish Customs Service.
The Importance of Correct Commodity Code Classification!
Properly classifying your goods is crucial for several reasons:
Economic Efficiency: By ensuring that the correct duties and taxes are paid, you avoid unnecessary costs and potential fines for misclassification.
Regulatory Compliance: Correct use of commodity codes ensures compliance with applicable import and export regulations, reducing the risk of delays at borders and other legal complications.
Contribution to Accurate Trade Statistics: When goods are properly classified, you help maintain accurate and fair trade statistics, which are essential for national and international economic planning and analysis.
Contribution to Accurate Trade Statistics!
When goods are correctly classified, you contribute to maintaining accurate and fair trade statistics, which is crucial for national and international economic planning and analysis.
How can we assist in commodity code classification?
At Tullify, we understand that commodity code classification can be complicated and time-consuming. Therefore, we offer our customers comprehensive support in this process. With our expertise and access to the latest updates in the EU customs tariff, TARIC, we ensure that your classification is correct. Our team of experts helps to analyze your goods and determine the most accurate commodity code, which not only saves time but also ensures that all customs management is handled according to regulations.
Commodity Codes and Their Significance
All imported goods have specific commodity codes, crucial for determining customs duties and taxes. A commodity code consists of eight to ten digits, and using the correct code for your goods is critical. Incorrect codes can lead to costly and time-consuming corrections.
The codes are divided into different levels:
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HS number (four digits)
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HS subheading (six digits)
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Combined Nomenclature (eight digits)
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Taric number (ten digits).
Understanding and correctly using these codes is one of the most important parts of the import process.
Commodity Codes and Their Significance
All imported goods have specific commodity codes, crucial for determining customs duties and taxes. A commodity code consists of eight to ten digits, and using the correct code for your goods is critical. Incorrect codes can lead to costly and time-consuming corrections.
The codes are divided into different levels:
-
HS number (four digits)
-
HS subheading (six digits)
-
Combined Nomenclature (eight digits)
-
Taric number (ten digits).
Understanding and correctly using these codes is one of the most important parts of the import process.
Binding Tariff Information (BTI) - A Secure Guide for Your Classification
A Binding Tariff Information (BTI) is an essential tool for companies trading goods across international borders. A BTI is a decision issued by the customs authorities that determines the commodity code to be used for a specific item at customs declaration. This decision guarantees that the commodity code will not be questioned as long as the goods and circumstances remain the same as those described at the time of application.
Why is BTI important?
Legal certainty and predictability: A BTI provides companies with legal certainty and economic predictability. By having a binding decision on how an item should be classified, companies can be confident that they are paying the correct customs duties and avoiding future costly disputes with customs authorities.
BTI = Cost Efficiency:
Obtaining a BTI can help companies avoid customs claims and fines that may arise if goods are incorrectly classified. It also reduces the administrative burden by eliminating the uncertainty surrounding the classification of new or complex products.
International Validity: BTI
are valid in all EU countries, meaning that a decision issued in one EU country is recognized by all other member states. This is particularly beneficial for companies trading in multiple EU countries, as it simplifies customs processes and minimizes the risk of inconsistencies in commodity classification.
How to apply for a Binding Tariff Information (BTI)
Companies must submit an application to the national customs authorities in the country where they are established or where they plan to first clear the goods. The application should include detailed information about the product, such as its function, composition, and use, along with technical descriptions, pictures, and possibly a sample of the product to aid the authorities' assessment. A BTI is typically valid for three years and can be renewed as needed. Regular reviews and updates of your BTI are crucial to accommodate any changes in your product range or customs legislation.
By following these guidelines and advice, you can make your import process as smooth and trouble-free as possible. If you have further questions or need help with specific parts of the import process, do not hesitate to contact a customs broker or other expertise in the field.
Summary of BTI
Binding Tariff Information is an indispensable tool for all companies engaged in international trade. By ensuring accurate customs classification, BTI minimizes the risk of legal disputes and financial losses, while facilitating smoother trade processes. Tullify AB can assist your company in the BTI application process, ensuring you obtain all necessary guarantees for your goods to be classified correctly and efficiently.
Common questions about Classification
How do I find the correct commodity code?
To find the right commodity code for an item, you can use the "Customs Tariff" in their database in Sweden. This tariff allows you to search for goods based on descriptions or keywords to find the most suitable commodity code. It can still be challenging to interpret, so do not hesitate to contact us for help.
What is a commodity code?
A commodity code is part of an international classification system used to identify goods traded internationally. It standardizes and simplifies customs handling and trade statistics and governs applicable customs rules and duties.
How is a commodity code structured?
Commodity codes in the system are usually made up of six to ten digits, depending on the level of detail and the country. The first six digits are internationally agreed upon (HS code), while the remaining digits can vary from country to country for further specification.
What is a commodity code?
A commodity code is the English term for "varukod," commonly used in international contexts. It refers to codes used to classify goods in international trade.
How do I find my commodity code?
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o find your commodity code, you can use tools like the Swedish Customs' commodity code search function or similar international tools. It's important to use precise and detailed descriptions of your goods to ensure that you find the correct code. But why spend time on this when we can assist you with it?