Business Terms and Jargon Explained

What is BTI

Tax Definition:-

Binding Tariff Information - system for implementing the Common Customs Tariff. The information is issued to economic operators by the customs authorities of the European Union (EU) Member States. Thus, traders will know, in advance, the tariff classification of the goods they intend to import or export. This information is introduced into a data-base run by the European Commission (EC) and is legally valid in all Member States, regardless of the Member State which issued it.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-11-22 15:42:37

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