Definition of Classification

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TeachMeFinance.com - explain Classification



Classification -- The categorization of merchandise:

     In transportation - to permit determination of freight rates within a tariff.

     In customs - to permit the determination of duty status within the Harmonized Tariff Schedules.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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