Customs classification

Customs classification,

Definition of Customs classification:

  1. Numbered category in a countrys customs tariff schedule to which goods being imported or exported are determined to belong for the purpose of (1) imposing duties and taxes, and (2) recording into the countrys international trade statistics. Most countries classify goods in accordance with the harmonized commodity description and coding system, popularly known as harmonized system.

Meaning of Customs classification & Customs classification Definition