To classify products means to assign them a classification code in Agreement with the existing international regulations. Customs duty is determined by the classification code and customs tariffs applied. On the basis of the Combined
Nomenclature and customs duty, the European Union has established the Integrated Tariff of the community (TARIC), which
offers a further classification under the
Combined Nomenclature, which is necessary find out export products subject to
The Community Customs Code contains the general customs rules and procedures applicable in
foreign trade between the European Union members and 3th
Sample of the learning unit Customs Procedures:
Also, we are going to study the process of importing products into the European Union. You will learn how to dispatch
products for free circulation
and for consumption. We will also go through all the stages from the moment
products arrive at the port of entry till they are ready for sale. We will study
the main customs procedures as well.
When products arrive into the European Union, in order to be imported they are inspected and
checked by the customs authorities until a relevant customs procedure for these
products is established. The products may be taken to be stored in a customs warehouse without payment of import duties or being re-exported.
The responsible for taking the products through the customs is the carrier.
When the products arrive to the European Union, they must be taken to the customs authorities for inspection. This is done by presenting a declaration which
contains all necessary information for the identification of the products. Without the declaration, the
products cannot be cleared (unless under an express
Customs of China:
Single Administrative Document
The Single Administrative
Document (SAD) is the declaration form used in the European Union for declaring
products for any of the customs procedures. The declaration must be made by the importer / exporter or
the agent. The Single Administrative Document must be
signed by the declarant.
Value Added Tax (VAT) is chargeable on imported products in
addition to any customs and excise duties to which the products may be liable.
The ATA system. The ATA is a system enabling the free movement of export products across frontiers and their temporary admission into a Customs territory with
release from duties and taxes. The export products are covered with only one document:
the ATA carnet
Dumping is the practice of selling a product in a foreign market at an
unfairly low price (a price which is lower
than the cost in the home market, or lower than the cost of production) in order to
gain a competitive advantage over other exporters. Dumping is considered an
unfair trade practice under the General Agreement on Tariffs and Trade and World Trade Organization agreements.
Dumping is regulated by national governments through the imposition of anti-dumping duties.
Regional integration processes.