Publication of 2012 Customs Tariff

08 November 2011

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.

 

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