If you want to start importing goods into the UK, you’ll need to understand a little bit about commodity codes and why they are important.
This brief guide should help:
What is a commodity code?
Commodity codes are the key to getting goods into and out of the country. They are internationally recognised reference numbers, which quickly identify what is in a consignment and help with the calculation of excise duty.
The code applies to a specific product and is used on any import declaration. It is used to work out the rate of customs duty and import VAT, taxes and any preferential rates which might apply, so it is important to get it right.
Lots of countries are signed up to the system, but only the first six digits are used worldwide – the commodity code from an overseas supplier might be different to the UK code for the same product, so will need to be checked.
Do I have to do it myself?
The process for finding the correct commodity code can be complicated. You can hire a specialist to help you, such as a freight forwarder like us here at Global Freight, a customs agent or broker or a fast parcel operator, depending on what you are moving and where.
Whether you find the commodity code yourself or employ someone else to do it, the code must appear on each consignment you send and the paperwork.
Failure to display the code, or displaying the wrong code, could lead to delays, extra costs or your consignment being rejected at customs completely.
It pays to get it right!
Still unsure about what you need to do then get in touch with our friendly, knowledgeable team for advice on 01952 270699 or email sales@global-freight.co.uk.