What is GTIP and Origin Information? - Blog

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What is GTIP and Origin Information?

There is important information used to facilitate and standardize import and export transactions. These include GTIP and Origin information. Both of these information contain important information such as which country the products come from, which categories they belong to and which customs rules they will be subject to. So, what is GTIP and Origin information?

What is GTIP Code?

GTIP is the abbreviation of Customs Tariff Statistics Position. This code is used internationally to classify products. GTIP code is used to identify the type, size and other characteristics of the product. Thanks to this code, it is easy to understand which tax rates or abbreviations the product is subject to. For this reason, it is very useful for companies to use GTIP codes.

What is Origin Information?

Origin information indicates the country where a product was produced and processed. This information is very important during import and export transactions. This is because many countries may impose different tax rates or restrictions on products coming from different countries. Origin information is usually included on the product label or in commercial documentation.

The Importance of GTIP and Origin Information

GTIP code and Origin information, when used together, create a very good guide for import and export transactions. While the GTIP code is used to indicate what the product is, Origin information includes information about where the product comes from. These two pieces of information are necessary to complete customs procedures quickly and without errors.

For example, if a product originates from the European Union and its GTIP Code indicates a specific product category, the tax rates or trade agreements to be applied to this product can be quickly determined.

GTIP Code and Origin information has a very critical role in import and export transactions. These two terms greatly facilitate customs procedures by showing what the product is and where it comes from. Therefore, it is of great importance that the information is included in the documents accurately and completely.