Tariff fraction
The tariff fraction is a numerical code assigned to specific goods in a country's tariff nomenclature.
What is “Tariff Fraction” in Logistics?
It plays a crucial role in logistics by providing a standardized and globally recognized system for product classification, facilitating international trade operations and ensuring compliance with customs regulations.
Guys
These codes are divided into sections, chapters, headings and subheadings. The main levels and some examples are described below:
Sections: They are the most general categories and cover broad product areas. For example, Section I addresses “Live animals and products of the animal kingdom.”
Chapters: They are subdivisions of the sections and provide a more detailed classification. For example, in Chapter 84 there are “Nuclear reactors, boilers, machines, apparatus and mechanical devices.”
Games: They provide a more specific description of the product. Following the previous example, Heading 8419 refers to “Machinery and apparatus for refrigeration”.
Features
They play several key roles in international trade and logistics, and companies like Control Terrestre can benefit from them in a variety of ways:
Product Identification: They provide specific codes to uniquely identify and classify products. Control Terrestre can use these codes to ensure that the goods you transport are clearly identified and classified according to customs regulations.
Determination of Tariffs: Each tariff fraction is associated with specific tariff rates. Control Terrestre can accurately calculate the costs associated with customs duties. This helps in financial planning and pricing of logistics services.
Customs Compliance: Correct identification and classification of goods is crucial for customs compliance. Control Terrestre can ensure that the customs documents are complete.