How many taric codes are there?

How many taric codes are there?

This classification is further subdivided by the European Union into the eight-digit Combined Nomenclature (CN) codes. For import declarations, these codes are subdivided further into ten-digit Taric codes.

What is a TARIC commodity code?

The TARIC code (TARif Intégré Communautaire; Integrated Tariff of the European Communities) is designed to show the various rules applying to specific products when imported into the EU. Misclassification of the goods under the incorrect tariff heading is a notorious customs risk.

How do I find my customs tariff code?

You can find the HS Code for your product in the UK with the Tariff Classification tool from . GOV website. Once you are on this website you will need to find a description that is the closest to your product.

What is an EU TARIC code?

What is TARIC? The integrated Tariff of the European Union (TARIC) is a database that provides information on trade policy and tariff measures that apply to specific goods in the EU. TARIC codes integrate all measures relating to EU customs tariff, commercial and agricultural legislation.

Is TARIC code same as HTS code?

Similar to what happens with the Taric Code and the EZT of Germany, the HTS is identical to the HS code in its first six digits, differentiated by the last four digits, which are different.

Where can I get a list of commodity codes?

Commodity codes can be found on the Trade Tariff website….Your commodity code tells you:

• The duty and VAT ratings you’ll be charged for your goods.
• If you can apply for a preferential duty rating (General System of Preference aka GSP)
• Whether your product requires an import license.
• Whether anti-dumping duties apply.

Do I need a TARIC code?

When importing or exporting goods from outside the EU, you will need to assign a TARIC code to your customs declaration for the receiving customs body to process your goods correctly. This may also be referred to as a Harmonisation code, a Tariff code or a Commodity code.

What is TARIC used for?

TARIC, the integrated Tariff of the European Union, is a multilingual database integrating all measures relating to EU customs tariff, commercial and agricultural legislation.

Do I need a 10 digit commodity code?

The 9 and 10 digit of the commodity code provides additional detail in relation to the goods being declared. Although most Customs Duty rates are set with the first 8 digits they can affect the duty due and measures applied to the goods. This is only used on import declarations.