THE IMPACT OF TECHNOLOGICAL ADVANCES ON TARIFF CLASSIFICATIONS
We live in a fast-evolving society, where technological advancements have been exponential. Such advancements result in significantly transformed or developed products which are vastly different to earlier versions. These advancements are not always catered for by the Harmonised System Nomenclature ("HS") and its corresponding Explanatory Notes ("EN"), which often need to be amended to provide for new or advanced products.