TARIFF CLASSIFICATION OF GOODS
Tariff classification is the system of coding and organization of goods, created by the OMA (World Customs Organization). It seeks the uniform identification and classification of goods at an international level.
In our country, two more digits are added to the six digits recognized by the countries belonging to the OMC (world trade organization). Which make up more than 95% of total world trade.
composition and importance
The classification of goods provides the support that importers and exporters require; for the identification of regulations, taxes and policies applicable to a product. Therefore, it helps all participants in the logistics chain to understand, plan and organize the operation to or from any part of the world. In Mexico we can find the set of tariff fractions in the; Chapter 1 of the Law on General Taxes on Imports and Exports (LIGIE).
It is important to remember that the tariff classification of a product can be determined under a specific fraction. Even if it is incomplete or unfinished, as long as the main characteristics of the product in question are present.
According to article 2 of the LIGIE, goods considered mixed or composed can be classified under three criteria as follows; discarding in strict descending manner.
- The item with a more specific description will have higher priority over the generic scope item.
- According to the material that gives them their essential character.
- Last item in order of numbering among those that may be taken into account.
An incorrect tariff classification in our country can give rise to a large number of extra costs; ranging from penalties, tax updates and costs for document rectification to storage, delays and stays. Which hinder and delay the comprehensive quality that logistics intermediaries offer.
At APR CARGO GROUP we are committed to providing comprehensive logistics to our customers. That is, we not only worry about coordinating at the best times and costs all the physical movements that your merchandise requires. But we also plan in advance the necessary documentary logistics to avoid setbacks in your operations.
Janett Garcia
Operations