What is tariff classification?
An example of an AI chatbot conversation about tariff classification and its importance in trade.
What is tariff classification?
Tariff classification is the process of determining the correct tariff code for goods being imported or exported.
Why is it important for international trade?
It's crucial because it affects the duties and taxes applied to goods, impacting pricing and compliance.
How do I find the correct tariff code for my product?
You can use the Harmonized System (HS) codes, which are standardized internationally, or consult a customs expert.
What happens if I classify my goods incorrectly?
Incorrect classification can lead to fines, delays, and additional duties, so it's essential to get it right.
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