- European Commission publishes 2024 version of Combined Nomenclature
- CN is the basis for customs declaration of goods in the EU
- CN is used for statistical purposes for intra-EU operations
- CN is updated annually
- Amendments made to modernize and adapt the CN
- Implementation of gradual reduction of duty rates for IT products
- Creation of separate CN code for certain products with tariff duty “free” treatment
- Introducing new subheadings or modernizing current structure to account for changes in requirements and developments
- Amendment of classification of some substances in the list of pharmaceutical substances
- CN established by Council Regulation (EEC) No 2658/87
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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