Facts about…Import Duty - Classification

Tracey Renshaw Import Export Support (International Projects)

Classification

  • There are more than 16,600 different classification codes
  • Classification of a product is based on what it is used for and what materials it is predominantly made from.
  • Whether or not you have an agent who handles customs entries on your behalf, as the importer you have a legal responsibility to ensure the correct classification is applied.
  • Incorrect classification can lead to; delays in clearing goods, over or underpayment of duty and even to penalties from HMRC.
  • The Classification is made up of up to 10 numbers and is based on the WTO World Trade Organisations harmonised system.
  • An 8 digit code is acceptable on exports
  • All 10 digits are required on imports

For more information on Import duty please also read the following:

http://norfolkchamber.co.uk/knowledge/article/facts-about-import-duty

Share this

Gold Patrons