Knowledge Base – Binding Tariff Information
Minimise your risks with a Binding Tariff Information (BTI)
Commodity codes are at the heart of international trade. One of the essential things when it comes to a customs declaration is the correct classification of the goods in code numbers / customs tariff numbers. The duty payable and all related provisions, such as import or export certificates, are based on this tariff classification of the goods. In this article we briefly describe the advantages of a binding tariff information in this context.
Binding tariff information (BTI) is a decision by the customs authority on how the goods listed in the application should be classified in the Common Customs Tariff (TARIC) of the European Community. This decision is legally binding and serves to enable the economic operator to calculate the costs incurred and obtain the necessary papers in good time before the goods are cleared.
Advantages of binding tariff information
The first advantage of the BTI is that it saves time in the customs clearance process. If no binding tariff information is available at the time of clearance, the code numbers matching the goods must first be searched for and found in the electronic customs tariff. This process is not only time-consuming, but if the economic operator classifies the goods incorrectly, it could also lead to costs being higher than previously thought or to required documents possibly being missing.
In the worst case scenario, binding tariff information can even save the trader from criminal or administrative proceedings due to incorrect customs declarations. Because if an economic operator has chosen the wrong customs tariff number, there is a threat of additional payments, fines and criminal proceedings, and this can be very expensive.
We support you with the BTI
The experts at Gerlach Customs will be happy to advise and support you in this matter. In addition, we can apply to the customs authorities for binding tariff information on your behalf.
This provides you with legal certainty and saves you many risks.
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