It is important to classify all goods, for the purpose of collecting import and export duties bythe customs. This is also for the importers and exporters to know under which head of tariffclassification their goods fall, and what would be applicable duties & taxes, thereby. Sinceapplicable duties & taxes effects the eventual cost and therefore price of goods at which it isavailable to the end consumer, it is critical for exporters and importers to precisely knowunder which category of tariff classification their goods might fall, or else, they might land up facing penalties.