When it comes to classifying your imports or exports, the tariff book can appear daunting and much too complicated to approach. How do you classify a part? What about a set with several products? Fear not, the experts at Mohawk Global Trade Advisors are here to break down the process of tariff classification to the basics.

Why is classification so important?

Classifying commodities under the correct tariff codes for both export and import shipments is essential to avoid a jump in duty rates, antidumping duties and most importantly, penalties for careless or negligent behavior. Correct classification is also important to determine if the use of a free trade agreement for preferred duty rates is possible and in assuring compliance with customs reporting.

Why is classification so tricky?

General Rules of Interpretation – the rules that establish how correctly choose tariff codes – can be very difficult to understand and use, especially for products that are considered parts or sets. Relying on internal company classifications that may be outdated and inaccurate is extremely risky, so it’s important to understand how the tariff book works and to maintain the most updated classification resources.

How Mohawk Global Trade Advisors can help

Our experts provide seminars to take you through each step of the classification process. The seminar workbook acts as a guide to decoding the tariff book and classification process. Each seminar concludes with a hands-on workshop to give participants the opportunity to practically apply the skills they’ve learned, which we believe is critical for proper training. While tariff classifications may not be as simple as your ABC’s, our advisors are here to make sure you know the best way to classify your commodities and understand what tariff classification is all about.

Contact us today to schedule a training session or to learn more about our training services.