Classifying goods for customs

Martin McGill considers how Sony Playstation fell foul of the customs authorities

Clearing goods through customs is one of the many difficulties facing those involved in international trade. Not only is it necessary to have an understanding of the clearance process, it is essential that importers and exporters have a detailed knowledge of how goods are both classified and valued for customs purposes. If goods are incorrectly classified or valued, the chances of the entry being correct are small and it is likely that the correct amount of customs duty and VAT will not be declared.

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