Facts about…Import Duty – Classification

Classification

• There are more than 16,600 different classification codes
• Classification of a product is based on what it is used for and what materials it is predominantly made from.
• Whether or not you have an agent who handles customs entries on your behalf, as the importer you have a legal responsibility to ensure the correct classification is applied.
• Incorrect classification can lead to; delays in clearing goods, over or underpayment of duty and even to penalties from HMRC.
• The Classification is made up of up to 10 numbers and is based on the WTO World Trade Organisations harmonised system.
• An 8 digit code is acceptable on exports
• All 10 digits are required on imports

For more information on Import duty please also read the following:

https://norfolkchamber.co.uk/knowledge/article/facts-about-import-duty