Classification is necessary to determine the appropriate commodity code. This commodity code is the basis to establish both import duties and the import/export regulations. For this reason it is of major importance for companies to apply the correct commodity code when their products are imported or exported.
Unnecessary import duties may have to be paid in the event of an incorrect commodity code, which may prevent you from annually saving costs on import duties.
In addition, the risk of fines and additional tax payments as a result of possible checks by Customs will be reduced.
If required, Global Customs Consultancy may apply for binding tariff information (BTI) on your company’s behalf. This guarantees a fixed classification for your product for the years to come. In addition this BTI will have to be applied by the customs authorities of each member of the European Community.
If you would like to know more, do not hesitate to contact us:
Global Customs Consultancy
info@globalcustomsconsultancy.com
Phone: +31(0)657136245
