Goods Nomenclature
/ˈɡʊdz nəˌmɛnklətʃər/
Definitions
- (n.) A systematic classification and coding system for goods used in customs tariffs and international trade to identify products for regulatory and tariff purposes.
The goods nomenclature assigned a specific code to the imported textiles, determining the applicable duty.
Forms
- goods nomenclature
Related terms
See also
Commentary
Typically maintained by customs authorities, goods nomenclatures standardize product description to ensure consistent application of trade laws and tariffs.
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.