Understanding commodity codes is vital to internationally trading businesses.
Commodity codes are used worldwide to determine the customs duty and other charges levied on the goods when importing and exporting. They also determine any preferential treatments or restrictions and prohibitions that may apply to the goods and are used for monitoring trade volumes and applying international trade measures.
This virtual half-day course will provide an insight into what commodity codes are and how getting them wrong can have a big impact on your business.
By attending this course, we will ensure you:
This course looks at the procedures required to deal with customs.
It is vitally important that importers and exporters understand the information required to be submitted.
This course covers import documentation and procedures, commercial considerations, the importance of your purchase order, calculating VAT and duty, and how to reduce import customs clearance delays.
International markets offer huge Export opportunities for UK businesses. Finding and developing new markets for products is a hugely valuable avenue for expansion and in some sectors in particular, global demand for British brands and products makes international trade an excellent means of growth.
Are you a customs agent? Or does your company use customs agents and intermediaries to help you trade with the EU and the Rest of the World? If so, you need to know how to meet customs requirements fast and efficiently now the new customs declaration system CDS is in place. We can help.
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