How well does your company manage custom classification for its imports?
Companies that are importing goods into the United States face several challenges with respect to properly classifying finished goods, service parts, assembly components, and other goods. This classification exercise is a major component of any importer’s efforts to comply with US Customs law. Misclassification of goods might result in increased duties, Customs clearance delays, penalties, and interruption in supply chain flow. In order to manage goods classification effectively, companies should follow a systematic approach.
Opportunity: A systematic approach to managing customs classification
Recognizing the difficulties that many companies experience in connection with tariff classification issues, PricewaterhouseCoopers has developed a Classification Center of Excellence.
By matching a talented classification team to a sophisticated classification toolkit designed to enhance the consistency, auditability, and accuracy of the classification process, we are able to help you develop an integrated approach that is designed to fulfill your classification needs.
Our knowledge of customs rules and classification, combined with our experience in business processes, provides you with a classification solution. Through this process, we help your company better navigate classification issues, which may result in a more efficient customs process, decreased duties and penalties.
