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CFS1200
(1012001)2002 Commodity Flow
SurveyCOMMODITY
CODES. S. DEPARTMENT OF COMMERCE
Economics and Statistics Administration. S. CENSUS BUREAU2002 COMMODITY FLOW SURVEY
COMMODITY CODES
INTRODUCTION
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How to fill out commodity codes
How to fill out commodity codes:
01
Start by identifying the goods or products you want to import or export. This includes understanding the nature and characteristics of the goods, as well as their intended use.
02
Research and identify the relevant commodity codes for your goods. These codes are usually standardized and internationally recognized. You can consult various sources such as customs authorities, trade organizations, or online databases to find the appropriate code.
03
Once you have the codes, ensure that you accurately classify your goods. Pay careful attention to the specific criteria and guidelines provided for each code. This may include factors such as composition, function, form, or any other distinguishing characteristics of the goods.
04
Fill out the commodity codes on the required documents when engaging in international trade. These documents may include customs declarations, shipping invoices, or trade agreements. It is essential to provide accurate and up-to-date information to avoid any potential issues or delays at customs.
Who needs commodity codes:
01
Importers: Importers require commodity codes to accurately declare and classify the goods they are bringing into a country. Proper classification helps in determining the applicable duties, taxes, and regulations associated with the imported goods.
02
Exporters: Similarly, exporters also need commodity codes to classify their goods for customs purposes. Accurate classification ensures compliance with export regulations and helps in determining any export licensing requirements.
03
Customs Authorities: Customs authorities rely on commodity codes to efficiently process and assess imports and exports. These codes aid in the identification, valuation, and control of goods crossing international borders.
04
Trade Organizations: Trade organizations use commodity codes to analyze trade patterns, monitor imports and exports, and compile statistical data. These codes enable them to track trends, develop trade policies, and facilitate trade negotiations.
In conclusion, filling out commodity codes involves accurately classifying goods based on their specific characteristics and using the appropriate codes on relevant trade documents. Both importers and exporters, as well as customs authorities and trade organizations, rely on commodity codes to ensure smooth international trade operations.
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What is commodity codes?
Commodity codes are numerical codes used to classify goods traded internationally.
Who is required to file commodity codes?
Companies engaged in international trade are required to file commodity codes.
How to fill out commodity codes?
Commodity codes are filled out by assigning the appropriate numerical codes to goods based on their classification.
What is the purpose of commodity codes?
The purpose of commodity codes is to facilitate the tracking and regulation of international trade.
What information must be reported on commodity codes?
Commodity codes require information about the nature and classification of the goods being traded.
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