Classification of goods in accordance with the Foreign Economic Activity Commodity Nomenclature of the Eurasian Economic Union (hereinafter — CN FEA of the EEU) is a procedure for assigning goods to a certain commodity item according to the established rules.
Customs payment amount, complying with prohibitions and restrictions, as well as the applying tariff and non-tariff regulation measures depend on the correct choice of the CN FEA code.
The classification process includes an analysis of the characteristics of the product: its purpose, composition, functionality, as well as a comparison of information received with the provisions of the CN FEA code of the EEU. In this case, the following are used:
- general rules of interpretation of the CN FEA code of the EEU;
- notes to sections and groups;
- explanations to CN FEA;
- classification practices and decisions made within the EEU.
In case of difficulties in independently determining the CN FEA code, a participant of foreign economic activity may apply for a preliminary decision on the classification of goods. Such a decision is made based on the submitted documents and the description of the goods.
The classification of goods is not just a formal procedure, but the key to the legal and efficient movement of goods across the customs border. Correct defined CN FEA code of the EEU reduces risks, simplifies registration and ensures compliance with all requirements. A careful approach to classification, knowledge of the rules and the use of preliminary decisions allow participants of foreign economic activity to act confidently and predictably in the legal field.