Customs Tariff updates January 2023
Australia Customs Tariff updates
Australia customs authority has published the annual import tariff. Update includes the changes in the preferential duty rates for various trade agreements and inclusion of newly implemented Australia - India Economic Cooperation Trade agreement rates.
Bahamas Customs Tariff updates
Bahamas customs authority has published the annual import tariff, which includes the changes in the preferential duty rates for various products across the tariff.
Brazil Customs Tariff updates
Brazil customs authority has published the annual import tariff. Update includes the changes in HTS codes, descriptions, general duty rates and other taxes i.e. IPI, PIS and cofins tax rates for various HTS codes .
Canada Customs Tariff updates
Canada customs authority has published the annual import tariff, which includes the changes in the import duty and preferential duty rates for various products across the tariff.
China Customs Tariff updates
China customs authority has published the annual import tariff. Update includes the changes in the preferential duty rates for various products across the tariff. The country’s Customs Tariff Commission of China’s State Council removed the import tariff on cobalt metal from January 1, 2023, after previously lowering the tariff to 2% in 2022 from 4% on December 13, 2021.
European Union Customs Tariff updates
European Commission has published the annual import tariff, which includes the changes in the HTS codes, import duty rates and preferential duty rates for various products across the tariff.
Norway Customs Tariff updates
Norway customs authority has published the annual import tariff. Update includes the changes in the HTS codes and import duty rates. Per new tariff, there will be new item numbers in chapters 28 and 29 from 1 January 2023. Based on input from the Directorate for Community Safety and Emergency Preparedness, new item numbers have been created under positions 28.07 and 29.04.
Singapore Customs tariff updates
Singapore customs authority has published the annual import tariff. Update includes the changes in the GST rates. From January 1, 2023 Singapore has raised its goods and services tax, otherwise known as the GST, from 7% to 8%. Singapore’s next GST hike will take place on Jan. 1, 2024, when the GST will be raised from 8% to 9%.
Switzerland Customs Tariff updates
Switzerland customs authority has published the annual import tariff. Update includes the changes in the preferential duty rates for various products classified across the tariff.
United Kingdom Customs Tariff updates
United Kingdom customs authority has updated the annual import tariff. Update includes the changes in HTS codes, import duty rates and the preferential duty rates for products classified under tariff chapters 08, 25, 26, 28, 29, 30, 44, 76, 84 and 85.
United States Customs Tariff updates
United States customs authority has implemented the annual import tariff. Update includes the changes in the HTS codes and import duty rates for certain products classified under tariff chapters 07, 08, 10, 12, 15, 17, 22, 23, 29, 44, 63, 68, 87, 94 etc,.