What is an EU commodity code?

What is an EU commodity code?

Commodity codes are used to classify goods for import and export within the European Union (EU) or outside. The aim of classification is to pay the right tax and duty and follow regulations. If you want to move goods you must have a commodity code for all goods you want to import or export to and from the UK.

What are EU tariffs?

The ‘Common Customs Tariff’ (CCT) therefore applies to the import of goods across the external borders of the EU. The tariff is common to all EU members, but the rates of duty differ from one kind of import to another depending on what they are and where they come from.

How do I look up a tariff code?

To determine what the HS Code for your product is in another country, you can use a lookup tool in a foreign tariff database, such as the Customs Info Database.

Are UK and EU commodity codes the same?

The UK is using the standard global six-digit format; the EU will be requiring its 8 digits minimum (see below). The commodity codes now have to be included in the customs declaration that you will need to provide to clear any goods through UK or EU customs.

How do I find my EU tariff code?

If you don’t know the TARIC code of your product, you can try to determine the TARIC code using the EU Tariffs Database and selecting “Find my product code.” Your supplier may have provided you with the 6 digit HS code which can sometimes help to determine the TARIC code.

How do I find my EU commodity code?

Where can I find Commodity Codes?

1. EU Commission’s TARIC database.
2. EU Commission’s EBTI database (European binding tariff information)

What tariffs are there between UK and EU?

The EU and UK Trade and Cooperation Agreement establishes zero tariffs or quotas on trade between the UK and the EU, where goods meet the relevant rules of origin.

What is a tariff code?

The tariff number of an item, also known as the “harmonized code” or “HS code,” is a standardized number given to a particular product or type of product for easier identification during customs processing and better standardization of international shipping.

Is the EU tariff free?

Tariffs applied to the value of imports of selected products The EU benefits from being one of the most open economies in the world, as around 63 % of its imports enter the EU at zero tariff.