Unlocking the hidden benefits of the customs function
Often, customs is seen as a small step in supply chains – just a couple of declarations and a tax payment. However, there are many improvements to efficiency, finances, and logistical performance hidden inside this crucial function.
Facing the Complexity of Goods Classification
Goods classification, together with the country of origin and customs value, is used by the customs authority to determine the number of import duties or other levies that need to be paid. Customs Authorities may find you are using the wrong HS Code when they check one of your shipments. When you are AEO Certified, the Customs Authority periodically audits your company. During these audits, they also check the quality of your product classifications.
Upcoming Changes to the Harmonised System per 2022: What You Need to Know
Determination of the customs classification for goods is essential to ensure that goods are correctly classified according to the harmonised system used worldwide. Customs classification is also essential because it is linked to:
Commodity Code Change
On January 1st 2022 there will be significant changes in the harmonized system that can impact the commodity codes you are using. From a customs compliance point of view, it is recommended to check your commodity codes, Customs Support can take this burden off your mind and perform these checks for you.