Payment of customs duties and the possibility of using a preference

Payment of customs duties and the possibility of using a preference
15 March

Customs classification is based on the Unified Customs Tariff (UCS) or the Harmonised System (HS). This is an internationally recognised standard for classifying goods for customs purposes, used by many countries.

Each product is described by a code, which usually consists of 6-10 digits. It is important to classify the goods correctly, as this determines the amount of duty to be paid.

Preferential customs clearance is a procedure that allows you to reduce or avoid paying duties or tariffs on goods transported between countries. This preference is granted under trade or free trade agreements between countries.

There are three key options for customs clearance with preference:

1) Clearance on the original invoice only with the preferential phrase if the invoice value is not more than EUR 6,000; ❗ The invoice must be signed, surnamed and named by an authorized person and stamped by the company;
2) Customs clearance against the original invoice with the preferential phrase and the number of the authorized exporter, if the invoice amount exceeds EUR 6,000;

❗The invoice must bear the signature, name and surname of the authorized person and the company's seal.
3) Customs clearance with the original EUR1 certificate, which must be stamped by the customs office.

In general, customs clearance with preference can be a useful tool for reducing customs costs and facilitating international trade, but requires careful attention and compliance with the requirements of the agreement.
 

Contact us for a consultation!

📞 +38-067-777-41-90
📨 info@saveprosolutions.com 

Our services on the topic of the article:
Previous article Next article

Latest news

What are ETA, ETD, ATD, and ATA?
Transport and logistics
What are ETA, ETD, ATD, and ATA?
Cargo securing
Transport and logistics
Cargo securing
Driver equipment for transporting dangerous goods
Transport and logistics
Driver equipment for transporting dangerous goods
Lorry dimensions
Transport and logistics
Lorry dimensions
Temperature control in road transport and container logistics
Transport and logistics
Temperature control in road transport and container logistics
What are the risks of using an incorrect HS code when importing goods?
Transport and logistics
What are the risks of using an incorrect HS code when importing goods?