New Commission Implementing Regulation 2021/1832 of 12 October 2021 amending Annex I to Regulation (EEC) Council No. 2658/87 on the tariff nomenclature and the Common Customs Tariff was published in the Official Journal of the European Union.
The new Regulation, which will apply from 1 January 2022, transposes the revisions made in version 2022 of the Harmonised System and provides for a major update of the customs classification codes used by economic operators to classify their goods in international trade.
As every year, the “star” symbol in the document indicates the new codes, while the “square” symbol indicates the code numbers used in the previous year, but with different content.
A correct classification of the products reduces, for companies, the risk of controls both in import and export and allows an appropriate customs planning concerning the rates of duty and any restrictions applied to the goods.
The UBFP law firm remains at the disposal of its customers to carry out product analysis and evaluate the best customs strategy for import/export operations.