Thursday, November 11, 2010

The Importance of Customs Tariff Codes

We realize that the global market trade is increase rapidly. Most people around the world use this opportunity to get profit or business goal. By the way, market trade is closely related with customs. Yes, of course it will relate on it because the global trading is a large trade either export or import. Hence, it must follow the legal rules or laws of the government of each country. Besides that, it should pay tariff based on the provisions. There are several of tariffs and each of them equipped with customs tariff codes. It means that, if you are trailers, private individual or wholesalers, you will get different customs tariff codes. The purpose is to show the legal shipment of the goods. Besides that, customs tariff codes has purpose to give legal protection such as security and services.
Like in Prohibitive tariff and Protective tariff, you will get very tight security system. Based on the name Prohibitive and Protective, both type of tariff are intended to artificial inflate prices of imports. After that, it will protect domestic industries form foreign competition. Talking about foreign competition, it is very important to the government to make very tight security and monitoring system, especially on three aspects, namely agriculture, investment and industry. However, by using customs tariff codes, which is different and legal, everything can be under control.

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