You should classify drinks that have small quantities of alcoholic spirits in them under "22.08" (Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol.; spirits, liqueurs, and other spirituous beverages).
Completely Knocked Down (CKD) is used to describe a product that is sold or transported in a set of parts, which must be put together before the product can be used by the customer. For example: ‘Motorcycles were transported in…
Gross Vehicle Weight (GVW) is the maximum operating weight/mass of a vehicle, as specified by the manufacturer including: the vehicle’s chassis; body; engine; engine fluids; fuel; accessories; driver; passengers; and the maximum cargo that can be safely carried (excluding that…
When importing or exporting any commercial goods, you must utilize the Harmonized Commodity Description and Coding System. In most countries, this is simply known as the “HS”. In addition to providing the government with important trade related data, the correct…
The Harmonized System is an international nomenclature for the classification of goods, developed by the World Customs Organization (WCO). It allows participating countries to classify traded goods on a common basis for customs purposes. The HS comprises about 5,000 commodity…
When importing or exporting goods, you must apply the correct commodity code, as per the Timor-Leste Harmonized System tariff. In addition to providing the government with important trade related data, the correct classification of your goods is a legal requirement…
CIF (Cost, Insurance and Freight) is an Incoterm used in international trade. CIF is one of the three Incoterms commonly used in Timor-Leste, and means, "This term is the same as CFR only the seller is responsible for the goods…
CFR (Cost and Freight) is an Incoterm used in international trade. CFR is one of the three Incoterms commonly used in Timor-Leste, and means, "The CFR incoterm means all charges, including freight up until the intended port of destination, are…
FOB (Free On Board) is an Incoterm used in international trade. FOB is one of the three Incoterms commonly used in Timor-Leste, and means, "When shipping on FOB terms the seller is responsible for all origin charges. This includes loading…
Incoterms identify the division of costs and risks between the buyer and seller when shipping internationally. Unlike national trade policies, Incoterms rules are universal, providing clarity and predictability to business around the world. Including the Incoterm is a requirement on…