CALCULATING IMPORT DUTY

Tariff Classification 

This drives a number of import variables such as the duty rate, entitlement to preferential rates of duty, and import restrictions such as quotas and suspensions.

Valuation 

The customs value declared forms the basis for calculating the amount of duties payable, so the business must comply with valuation rules.

Preference/Rules of Origin 

A variety of preferential trade agreements exist between the EU and its key trading partners.  The ability to claim preference on import and/or export of a product is governed by legislation which requires certain key criteria to be met and certificates of origin, to be obtained.