What are the major updates to HS codes for 2022 and how do they affect your business?
The next challenge for cross border ecommerce is upon us as the new edition of the Harmonised System, HS 2022, came into force on 1st January affecting a high percentage of all goods traded, including popular items in fashion, electricals, food products and homewares. If retailers and logistics partners have not prepared for the changes then they will likely experience delays by customs at borders or non-compliance and storage fees until corrections are made.
Source Darren Wareing
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