The EU Commission has now published the official 2012 Customs Tariff which applies from 1 January 2012.
The customs tariff forms the basis for declaration of goods and contains approximately 16,000 commodity codes. The classification of your goods determines:
• The rate of duty applicable to your imports (varying between 0-217%) • The origin rule to be applied when looking to apply preferential trade agreements (preference) • The scope of any customs duty relief schemes • Whether any commercial policy measures apply (such as licensing, anti-dumping, quotas etc.)
We recommend the publication of the new Tariff acts as a catalyst for reviewing your existing classifications. If the classification of any of your goods is unclear and could lead to a material saving or additional duty risk then it may be prudent to apply for a legal ruling (known as a BTI) to gain certainty.
"ITSs experience and knowledge has ensured projectswere completed with a favorable result."
K R Maddison, Financial Controller Bard Limited
"Rob has provided customs advice on many occasions,always demonstrating deep knowledge of his subject tohelp the business mitigate its duty liabilities."
Stuart Reid, Financial Director Komatsu UK
"ITS helped us to reach a successful conclusion when HMCustoms tried to reject our proposed changes by usingtechnicalities."
D. Suddens, Finance Manager Blanc Aero Industries UK Ltd
"Rob explains clearly, and gets on with people. He isvery constructive and pragmatic. His loyalty to thereds is admirable, if misguided. One of my favouriteScousers!"
Nick Mallett, Partner DHM Stallard
"I have worked with Rob on complicated HMRC issues. Aswell as direct assistance, Rob has provided excellenttraining for operational staff. I recommend ITS."
G. Mitchell, Senior Operations Manager EPSON
"ITS have highlighted significant cost savingopportunities."
CW Winter, Financial Controller Special Metals Wiggin Ltd.
"ITSs broad knowledge of Customs has proved invaluable"
D. Widdowson, Director of Financial Accounting Croda Chemicals Europe Ltd
