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What are the benefits of obtaining an Advance Customs Ruling for tariff classification?

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What are the benefits of obtaining an Advance Customs Ruling for tariff classification?

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By obtaining an Advance Customs Ruling for tariff classification you are demonstrating reasonable care in classifying your products for importation into Canada. This will eliminate any risk associated with a penalty for incorrect classification and will provide you with an accurate duty rate for costing your products. CBSA will also issue rulings for valuation and NAFTA eligibility.

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