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This course explains all the key elements of what a Commodity Code is and how it is used. The course highlights commercial implications of the correct use of the Commodity Code and why it is so important to have a good understanding of them, which can help develop a successful and competitive global business. The course will focus on the UK Integrated Tariff but will also cover other global tariffs.
The content of this course includes:
- Explanation of what a commodity code is and the different terminology for a commodity code
- What the Harmonised System (HS Code) is, and how it relates to the commodity code
- What a commodity code is used for
- An explanation of how a commodity code is made up
- A look into global commodity codes and comparisons with the UK Tariff
- Who is responsible for getting the commodity code correct
- Why it is so important to get the commodity code correct and the impact of incorrect classification
- How to classify products using the General Interpretive Rules (GIR)
- What section notes are and how they can help in the classification process
- How commodity codes are used in UK trade agreements
Who should attend?
This course is suitable for companies new to international trade as well as experienced companies who may want to refresh and update their knowledge. It is especially beneficial for staff who work in export sales, purchasing, logistics, accountancy, import and export shipping departments, customer services, import and export administration.
A certificate of completion will be provided to participants upon completion of the course.
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