online event
Avoid misclassification mishaps: understand commodity codes when selling food and drink overseas
Learn a step-by-step process for identifying the correct commodity codes when selling your food and drink products across the globe.
What you’ll learn
- understand the importance of Commodity Codes
- master the steps to correctly classify your products
- recognize the consequences of misclassification
Description
This session is designed to help you understand the importance of using the correct commodity codes for classifying food and drink products. We'll help you to accurately determine the correct codes for your own products and how you can stay compliant with regulations.
We'll talk through how commodity codes impact all aspects of international trade, such as tariffs, duties, and compliance. We will cover the legal obligations, trade compliance, and potential consequences of misclassification, which is really important for food and drink exports, including how it can increase scrutiny from authorities and cause disruptions to your business.
You'll also understand the consequences of incorrect commodity codes, such as customs delays, penalties, and incorrect duty rates.
Speakers
Garima Srivastava
Senior Trade & Customs Specialist, The Institute of Export & International Trade
Garima Srivastava is a senior trade & customs specialist at the Chartered Institute of Export & International Trade academy. She is an accomplished international trade and customs lawyer with extensive experience in customs law advisory.
With an undergraduate law degree from India, Srivastava began her career at leading firm Lakshmikumaran & Attorneys, where she provided expert advice on customs compliance, import regulations, customs classification, valuation, rules of origin, foreign trade policy, free trade zones, warehousing and licensing.
After gaining valuable experience in India, she pursued an masters degree at the University of Pennsylvania Law School in the US. Following her studies, Garima joined Ernst & Young’s global trade advisory team in New York, where she continued to focus on customs compliance projects and customs health checks.
Garima has extensive experience advising clients across a diverse range of industries, including the life sciences, electronics, automotive and food and beverage sectors.