CLASSIFICATION AND WHY IT’S SUCH A BIG DEAL
What are Customs Tariffs and why is the knowledge of them so important for your business? If you are a business that imports and exports through the U.S., then your business would be being taxed with what is called a tariff (or duty). Therefore, it is so important to fully understand what these customs tariffs are and how to receive refunds of those duties paid back. Customs tariffs briefly explained are taxes assessed by a government on goods imported into and exported from
Your business needs to understand CLASSIFICATION. And here's why.
Did you know that a single misstep when calculating tariff classification codes may cost your business thousands of dollars? But first, why is it so important? Many importers overlook a lot of details in Entry Summaries. More importantly, it is imperative that every single item is classified correctly, for one wrong classification – multiplied by the time it was used may be the biggest mistake done in a shipment. Hence, results in you paying upwards of thousands of dollars yo
