Commodity Code
/ˈkɒm.ə.dɪ.ti koʊd/
Definitions
- (n.) A standardized numerical or alphanumerical identifier used in legal, trade, and customs documentation to classify goods for regulation, taxation, and statistical purposes.
The importer must include the correct commodity code on the customs declaration to avoid delays.
Forms
- commodity code
- commodity codes
Related terms
See also
Commentary
Commodity codes are critical in trade law for accurate product classification and duty assessment; drafters should ensure the correct code aligns with legal tariff schedules to prevent disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.