In 2024 U.S Customs and Border Protection (USCBP) stopped $1.75 billion worth of shipments for forced labor enforcement actions.
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Some good news for customs & trade community have just come from the European Commission.
We can now add another precious document to our commodity classification toolbox.
A 700+ page document consolidating all Classification Regulations valid in the EU today, together with their codes in terms of the latest version of the EU Combined Nomenclature has come from the press.
Easy to get – by simply downloading the document from the European Commission web-stie (see the link below).
Easy to navigate – by looking up any term and see all the instances where that term appears throughout all the Regulations.
Kudos to the DG for Taxation and Customs Union (TAXUD) for this great initiative and effort.
Link for download: https://lnkd.in/eznRrfze
HS Codes: More than just customs paperwork
Did you know the HS code you choose can affect freight costs, trade agreement eligibility, and even your cash flow?
This week’s Logistics Explained article explores the impact of HS codes – from reducing duties to avoiding costly misclassification errors – and offers practical tips to get it right.
Read now: http://spkl.io/6042f0f18
To get help with classification, trafiff engieneering & optikization, contact us: https://www.maersk.com/supply-chain-logistics/customs-services/services/global-trade-and-customs-consulting
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