GTIP (Customs Tariff Statistics Position) is a coding system used in international trade. These codes used to identify products are of great importance in areas such as customs procedures, trade statistics and tax calculations. Searching for GTIP for a business can provide many benefits to the business.
GTIP search helps businesses in the following ways:
● Correct product classification: GTIP codes uniquely identify products. Choosing a correct GTIP code ensures that your product is classified correctly. This simplifies customs procedures and thus avoids unnecessary delays.
● Export and import transactions: GTIP codes are required for export and import transactions of products. Using the correct codes ensures that customs declarations and other government transactions go smoothly. Using the wrong code may cause customs problems.
● Trade Statistics: GTIP codes are used to monitor and analyze trade between countries. Correct coding clearly shows which category your product falls into and helps compile trade statistics accurately.
● Tax and customs calculations: GTIP codes are used to calculate taxes and customs fees. Using the correct codes prevents unnecessary tax payments and reduces costs.
● Competition and market analysis: GTIP codes show which products are concentrated in which category. This helps businesses conduct competitive analysis and identify their target markets.
● Product development and planning: Choosing the right GTIP code is also important when developing new products and planning existing products. Knowing which category your product falls into affects marketing and strategy decisions.
● Conducting market research: Gtip search helps your business analyze its target markets and competitors. Thanks to Gtip search, your business can access information about the quantity and value of the products it exports or imports to and from which countries. This information allows your business to evaluate market share, market size, market trends and market opportunities. Additionally, thanks to Gtip search, your business can learn who its competitors are, how much they export or import to which countries, and what price and quality level they are at. This information helps your business determine competitive strategies and gain competitive advantage.
● Product development: Gtip search supports the product development activities of your business. Thanks to Gtip search, your business can obtain information about the technical specifications, standards and certificates of the products it exports or imports. This information helps your business improve product quality, comply with international norms and meet customer expectations. Additionally, thanks to Gtip search, your business can observe the demands and needs in different markets and increase its product diversity.
As a result, GTIP search makes a great contribution to businesses in facilitating accurate product classification and customs procedures, which are necessary for the smooth and effective conduct of international trade. Using the wrong code may result in customs issues, cost increases and trade statistics not being reflected accurately. Therefore, performing GTIP search correctly is very important for businesses.
What are the features of GTIP code?
GTIP code identifies each product with a 12-digit code. This code contains information such as the type, feature, quality, quantity and origin of the product. GTIP code is a very important tool for both exporters and importers. With the GTIP code, you can easily conduct customs duties, incentives, market research and product development.
The structure of the GTIP code is as follows:
● The first two digits are called “department” and represent a general product category.
● The next two digits are called “groups” and these groups describe slightly more specific features of the products.
● The last two digits are called “subgroup” and provide a more detailed classification.
● It is the same all over the world up to 6 digit classification. In 8-digit and others, states can classify as they wish.