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While correct classification in the US is crucial, it’s equally important to classify goods accurately according to each country’s specific tariff schedule when engaging in international trade.
For arms-length sales to dealers, distributors, or customers, the responsibility for correct classification falls on the importer of record, which underscores the need for diligent classification practices to avoid potential compliance and profit risks.
Precision HTS can assist in mitigating both compliance and profit risks by providing accurate local classifications for various countries, including Australia, Brazil, Canada, China, the European Union, Japan, Malaysia, Mexico, Switzerland, and Thailand.