60 Second Guide to 

Customs Classification

 

Impact

 

Customs classification is fundamental to customs planning and compliance on non EU movement of goods because it is used to determine:

• The duty rate for imports (this varies between 0-247%)
• The origin rule to be met under Free Trade Agreements that grant lower preferential rates on qualifying imports
• The scope of any customs duty relief schemes
• The requirement for import licences and export licences
• The application of Anti-dumping duties
• The application of duty suspensions allowing duty free access

Customs classification is the most common ground of dispute between importers and the tax authorities.

  

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