Why it pays to prioritise customs compliance and understand HS codes
Keeping trade moving seamlessly across borders is most businesses ultimate goal as they look to fulfil orders or meet consumer demand. This is no simple task. There are a lot of laws, regulations and procedures that govern the movement of goods which businesses have to navigate in order to get shipments to their destination.
From declaring goods to customs, paying the correct duty payments, providing audit trails and understanding the differences in regulations from country by country. Get it wrong and it can lead to fines, penalties and shipment delays, and in some cases, import and export licences can be revoked.
Download our free guide ‘Keep trade moving & avoid cross-border challenges’ and find out:
- What is the Harmonised System and why HS codes are important
- What does a wrong HS code mean for your business
- How to ensure the right code every time
Who would benefit from this download?
This download is useful to every business in the UK that exports and imports products or goods internationally.
PRODUCT DETAILS ARE IMPORTANT
“HS codes can be complex. It’s imperative you know all about the product you’re trying to classify to make sure you have the correct code. Everything from source materials to country of origin. It can be easy to make assumptions which means codes can often be wrong.”
Elizabeth Davies, Customs Systems Manager, CORE
WHAT ARE THE CONSEQUENCES OF NON-COMPLIANCE?
Assigning the correct HS Code to your goods ensures you are compliant and ensures your goods arrive at their destination without delay and without additional fees. Goods without the correct HS codes will be delayed in customs, will require payment for storage and contribute significant paperwork to move them compliantly to their destination.
Get informed, ask questions and take action to avoid unavoidable delays and extra costs.
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HS Codes Explained:
In this short video we explain the benefits of digitising the customs classification process with an automated solution like TariffTel
Read our blog on the HS2023 update
Get the low down on the latest changes to affect customs classification in 2023.
Other useful resources
DOWNLOAD OUR GUIDE:
"HOW TO MAKE SENSE OF HS CODES"