Customs > Tariffs

Tariffs


The set of EU rules governing taxes and regulations that apply to the import and export of goods from non-EU countries is called Tariff.


12 Dic 2013 - Transhunter.com

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The common custom tariff is the policy with which the European Union regulates those taxes, due as customs duties or tariffs, which are applied to the import of goods originating from third countries, being the origin of the goods the most important factor in determining the applicable tax.

The tariff is basically divided in two parts:

The tariff classification: numerical reference with which the goods which are being imported or exported are classified by sections, tariff items, so as to help identify and control them.

The tariffs: apply a tax rate to each tariff item which classifies the goods included in them.

Currently, the Common Integrated Tariff or TARIC (Tarif Integre Communautaire), allows to classify each merchandise by the particular conditions of the same, thus helping identify them quickly and accurately. This numerical classification of goods allows the authorities to collect statistical data regarding trade between the member states through a system called Intrastat, and other statistics relating to imports and exports within the EU.

The TARIC is composed of a series of columns in which the coding and description of the products are shown, number of units or weight, the regulations affecting them, the customs duties which should be applied (as per their country of origin), etc., which provides the governmental agencies as well as the customs agents participating in the foreign trade operation, a complete information as per the EU customs legislation, such as the prohibition of its importation, any possible tariff suspensions or preferred tariffs according to certain countries, anti-dumping and compensatory rights and tariffs contingents, applicable to the goods which are going imported or exported.