If your company needs the HS codes, MFN customs duty rates or preferential duty rates (based on any free trade agreement) you can always refer to a low-cost solution called WorldTariff (www.worldtariff.com). WorldTariff was acquired by FedEx in 2000 and provides customs duty and inland tax information for over 129 foreign countries. The cost to obtain information is a nominal US$7 per query payable by credit card.
The benefits of doing country-specific research prior to the import/export is that the importer/exporter can select the lowest accurate duty rate and applicable HS code, thereby minimizing customs duties and customs processing delays, while ensuring regulatory compliance.
No comments:
Post a Comment