Binding Tariff Information (BTI) ruling is a legally binding ruling issued to an importer seeking to gain clarity on a classification matter. This certainty helps you:
- Understand your duty rates and landed costs
- Ensure any duty relief you apply for meets your needs
- Gain certainty as to whether ADD, licensing or other commercial policy measures apply
- reclaim overpaid duty when goods have been wrongly classified
There are a number of occasions where there are two (or more) potential commodity codes that a product can be imported under. In most cases, HMRC will seek to apply the code that attracts the most duty. A robustly argued BTI application will maximise your chances of achieving a beneficial ruling.
The Binding Tariff Information (BTI) is a EU-wide system designed to allow economic operators and traders to understand the proper classification of goods in the tariff and correct statistical nomenclature.
The BTI, which is generally in effect for six-year periods, provides legal guarantees to traders; ensures uniform application of appropriate nomenclature; allows duty rates to be established at import; and facilitates the use of import/export or advance fixing-certificates, calculation of export refunds, etc.
What is Doctrine of Frustration?
Certificate of Origin
What is Doctrine of Frustration?
Certificate of Origin
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Binding Tariff Information (BTI)
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