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.