![]() ![]() Incoterms on your commercial invoice should define in precise language where the goods will be delivered, who arranges transport, who is responsible for arranging and paying for insurance and who handles customs, including duties and taxes. International Commercial terms are predefined commercial terms used across the world to set out the fine points of how goods are shipped and who, between the sender and recipient, is responsible for each step. ![]() You can use the official Trade Tariff tool to lookup the correct codes for your commercial invoices. The Harmonised System (HS) is the global naming scheme that specifies in 8 to 14 digits exactly what a product is and even what it’s made from. Goods shipped outside the EU must be labelled with a commodity code that categorises them and thereby determines the correct taxes and duties. For instance, if the product is manufactured entirely in the EU and exported to a country that gives preferential treatment to EU nations, it might be given lower or nil rates of duty when it reaches the destination country. This means where the goods were manufactured, in whole or in part. Here’s more detail on a few of the key points above: Country of origin If you don’t have one, you can register here. This is your Economic Operator Registration and Identification number.
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