New WCO product classifications are here. Are companies ready?
ThomsonReuters
JANUARY 31, 2022
More than 200 countries use the HS to categorize trade products in over 5,000 commodity groups. Customs authorities rely on the HS to collect trade tariffs, guide tax policy, establish rules of origin, and collect data on virtually every aspect of cross-border trade. “It’s And the risk is not limited to customs.
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