Tariff Classification May 2004 Member of the Trade Community Should Know About: Customs Value,” which is available from the CBP website: . The classification and valuation of goods is an important part of the importation and entry process. At a minimum, incorrect classification or valuation may lead to delays Trade Tariff: look up commodity codes, duty and VAT rates. Commodity codes classify goods for import and export so you can: You may need to pay different rates of customs duty if there’s a no-deal Brexit. Check the different rates when you know the commodity codes for your goods. VAT and excise charges will stay the same.

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