CEFTA
General information
In international trade, the Customs duties that must be paid upon importation or exportation of goods, and any related requirements, such as import or export certificates, depend on the tariff classification applicable to the specific product being traded across borders.
In order to have legal certainty that a trader is applying the correct classification on the goods being traded, an application may be lodged in advance of exportation or importation for a Binding Tariff Information (BTI) decision to be made by the competent Customs authorities. Binding Tariff Information relates to a legal decision by the Customs authorities on the classification of the traded product.
Binding tariff information is:
- Issued for a specific good;
- Valid for a specified period; and
- Binding on the applicant and the issuing Customs administration.
In order to obtain a Binding Tariff Information (BTI) certificate for a given product, an application should be made with the competent Customs authority in the importing or exporting Party. After obtaining the BTI certificate, this document must be declared in at time of exportation or importation and it shall facilitate trade, providing a higher degree of legal certainty and commercial predictability..