EAEU Commodity Nomenclature (TN VED)

EAEU TN VED: the Commodity Nomenclature of Foreign Economic Activity of the Eurasian Economic Union. It is a classification in which each product corresponds to a code. It is based on the Harmonized Commodity Description and Coding System maintained by the World Customs Organization.

How the code is built

A product code has 10 digits. The first 6 match the Harmonized System and are the same in many countries. The following digits specify the product at the union level. Goods are classified under the General Rules for the Interpretation of the TN VED and the explanatory notes to the nomenclature.

What the code affects

• the rate of import or export duty;
• the VAT rate on import;
• prohibitions and restrictions: licenses, permits, certification, non-tariff measures;
• export control for certain categories of goods.

Who determines the code

The declarant states the code during customs clearance, and customs checks it and may disagree. If in doubt, you can ask the customs authority for an advance classification ruling. An error in the code leads to additional charges and fines.

Where it comes up in an international payment

When you pay for imports, banks and payment agents ask what goods the client is paying for. The product description in the contract, the invoice and the payment purpose must be the same and clear. Restrictive lists in different countries are often compiled by Harmonized System codes, so banks along the chain look at the code too.

This is general information. The product code is determined by the declarant, and we do not advise on classification: that is a question for a customs representative. Our part covers the payment under the contract: selecting the agent and the route, the documents, and following the payment through to execution. More on the Import payments page.