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In most countries, different tariff classifications carry a range of duty rates. Deciding on the proper classification of imported goods can make a significant difference to duty costs.
Reducing your exposure to customs duty directly improves your bottom line. Tanda’s clients benefit from our successful advocacy of changes to tariff classifications for specific products with the approval of customs authorities throughout the Asia-Pacific.
World Customs Organization Tariff System
Amendments to the Harmonised System (HS) Convention accepted by the World Customs Organization (WCO) came into force on 1 January 2012.
- This is the fourth major revision of the HS Convention since it was approved by the Customs Co-operation Council (the WCO's predecessor) in 1983 and will necessitate approximately 800 changes to the Australian Customs Tariff Act.
Traders should review the tariff classification applying to their goods to ensure compliance with the amendments.