Product Classification
/ˈprɒdʌkt ˌklæsɪfɪˈkeɪʃən/
Definitions
- (n.) The systematic categorization of goods for legal, regulatory, or commercial purposes.
The customs authority requires accurate product classification to determine tariffs.
Forms
- product classification
Related terms
See also
Commentary
Accurate product classification is crucial for compliance with international trade laws and customs duties; consult harmonized system codes for standard references.
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.