Customs classification is fundamental to customs compliance and planning because it determines:
Your duty rate
The scope of any duty relief authorisations
Whether your goods require import licences, quotas or anti-dumping duties
Whether your goods fall within free trade agreements
Duty rates vary between 0-217% and can have a significant impact on the cost of your goods and gross margins. But with 16,000 different commodity codes working out the right code to use can be difficult.
Businesses can sometimes use knowledge of the customs tariff to gain a legitimate advantage by making small changes to your imported goods or the way they are shipped. We recommend obtaining legally binding agreements before embarking on this type of planning.
Want to know more?
Contact us and we'll come out to you and explain the correct procedures for ensuring robust compliance.
"ITSs experience and knowledge has ensured projectswere completed with a favorable result."
K R Maddison, Financial Controller Bard Limited
"ITS have highlighted significant cost savingopportunities."
CW Winter, Financial Controller Special Metals Wiggin Ltd.
"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 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
"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
"ITSs broad knowledge of Customs has proved invaluable"
D. Widdowson, Director of Financial Accounting Croda Chemicals Europe Ltd
"I have worked with Rob on complicated HMRC issues. Aswell as direct assistance, Rob has provided excellenttraining for operational staff. I recommend ITS."
