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The importance of tariff classification, origin calculation and customs value from the importer's perspective

The importance of tariff classification, origin calculation and customs value from the importer's perspective

Authors: Mihai Petre, Director, Global Trade, EY Romania, and Cosmin Dinca, Manager, Global Trade, EY Romania

Importing goods involves a series of complex customs procedures, and for importers, correct tariff classification, determination of origin and customs valuation are essential for compliance, cost optimization and avoidance of tax and legal risks. These three elements could be considered as determining pillars in the customs clearance process.

For more information, please see the Romanian version of the article, here.

 

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ERNST & YOUNG SRL
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