Having the right classification gives you a solid basis for your international trading operations to run smoothly. Assigning the right goods code is essential if you want to benefit from the correct import duty and avoid sanctions. The consequences of incorrect classification are often significant.
The classification process is complex. Goods codes are changing frequently. Among other things, the CN code is used to determine what documentation or information requirements have to be met by you. In addition, the nomenclature is the key stone for any restrictions or licenses and determines the level of customs duty and excise.
Customs Square offers various services to help you prevent problems with classification.