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

Container inspection at the terminal
Transport and logistics
Container inspection at the terminal
What is a Packing List
Transport and logistics
What is a Packing List
X-ray inspection of containers at the port: main reasons
Transport and logistics
X-ray inspection of containers at the port: main reasons
Standard truck, MEGA-trailer, or 120 м³ trailer: which vehicle should you choose for transporting cargo?
Transport and logistics
Standard truck, MEGA-trailer, or 120 м³ trailer: which vehicle should you choose for transporting cargo?
What does the color of a container mean
Transport and logistics
What does the color of a container mean
What You Need to Know About Invoices in International Logistics
Transport and logistics
What You Need to Know About Invoices in International Logistics