The importance of getting commodity codes right
If you’re importing or exporting goods around the world, you need to classify them on customs paperwork with commodity codes such as the Harmonized System (HS) code or TARIC code. Applying the right commodity code to goods being shipped globally not only determines how much VAT and duty there is to be paid on arrival but also if there are particular import controls for items being shipped, such as a need for special licenses.






















