Most countries in the world subscribe to the agreed system of identifying goods that is known as the HS System or HS Code. It used by Governments and Customs to monitor and control the import and export of goods through Customs tariffs (Duty), statistics, origin as well as concerns particular to weapons and other sensitive articles. It is particularly important to know which codes your goods fall under so you can calculate your exposure to duty and other taxes such as VAT.
Where Strategic Can Help
While it is the legal responsibility for the importer or exporter to properly classify their own goods, we can provide a lot of guidance and support to help you make the correct choices and how best to achieve this in both big or small organisations.