Classification
Prior Consultation
Procedure before customs authorities to obtain guidance on classification, origin, or valuation before conducting a foreign trade operation. Reduces risks of error and potential penalties.
Procedure before customs authorities to obtain guidance on classification, origin, or valuation before conducting a foreign trade operation. Reduces risks of error and potential penalties.
Procedure before customs authorities to obtain guidance on classification, origin, or valuation before conducting a foreign trade operation. Reduces risks of error and potential penalties.
Classification Inquiry
Formal procedure by which an importer or customs broker requests a binding ruling from customs authorities on the applicable tariff fraction for a product. The result is binding on both parties.
RegulationsAdvance Ruling
An official response issued by customs authorities before an import, establishing with legal certainty the treatment merchandise will receive regarding classification, origin, or valuation.
ClassificationBinding Ruling
Resolution issued by customs authorities that mandatorily establishes the tariff classification of a specific product. It has legal validity and must be respected by all customs offices in the country.
TariffsTariff Classification
The process of assigning the correct tariff code to a product within a country's tariff schedule, determining applicable duties and regulations.