A Nigp Commodity Code is an industry-recognized numbering system developed by The National Institute of Governmental Purchasing (NIGP), which identifies and classifies commodities and services purchased by public agencies.
The NIGP Commodity Code is a three-digit numeric code that is broken down into nine hierarchical levels to provide the most specific classification possible. The classification is used to accurately define the good or service required by the purchasing agency and to ensure that the same item is described throughout the purchasing process.
The nine-level code is used to identify and classify the commodity in a manner similar to the National Stock Number (NSN), the Product Service Code (PSC), and the Federal Supply Classification (FSC).
The code helps purchasing organizations make well-informed purchases, and helps suppliers understand the market for their products.
How do you get an NIGP code?
In order to get an NIGP code, you must first complete a Membership Agreement and return it to the National Institute of Governmental Purchasing (NIGP). This document is available from the NIGP website and must be filled out and submitted to the Code Administrator for review.
Once the Membership Agreement is approved, you will be issued an NIGP Code in the form of a three-digit, six-character number.
Most entities will require you to provide the NIGP Code in order to do business with them. Depending on your business needs, you may also need to obtain additional codes and state license numbers. In addition, you may need to register to receive a purchaser or supplier number with the entity that issues the NIGP Code in order to transact business with them.
In order to keep your NIGP Code up to date, you should review and update your company’s information with the Code Administrator on an annual basis. This can be done by submitting an updated Membership Agreement and providing new or updated contact information.
It is important to remember that all contact information must match exactly for the NIGP Code to remain valid.
Where is nigp located?
NIGP: The Institute for Public Procurement is located in Vienna, Virginia, just outside of Washington D. C. NIGP is a professional services organization for public procurement, providing education, research, technical assistance, and standards for those in the profession.
Their headquarters is connected to a world-class training facility and hosts customer service staff, the NIGP Research & Strategic Consulting team, their e-Learning department, and their full-time staff of experts in a variety of public procurement expertise.
They also have regional staff, located around the US, as well as international affiliates, which provide additional support to their members.
Why do I need a commodity code?
A commodity code is required in order to properly classify, document and indicate the duties and taxes applicable to imported or exported goods. Each commodity code is an internationally-recognized 8- or 10- digit code that corresponds in some way to a particular product.
It is used by customs and tax authorities to correctly identify and assess the various types of products crossing national borders for trading purposes.
Commodity codes provide classification for a wide range of products and allow for uniform understanding and rules of origin between different countries. This way, authorities are able to quickly and accurately identify, classify and collect proper duties and taxes on products that are traded across international borders.
In addition to supplying the necessary information for import and export documentation, the commodity code helps parties to the transaction receive the right duty advantages, tax advantages and other advantages that the product may be eligible for.
This is important to help companies save on costs associated with duties and taxes and reduce time to importing and exporting of goods.
Overall, commodity codes provide accurate classification, treatment and assessment of commodities for global trading, so they are essential for companies that are trading internationally.
Is commodity code the same as HS code?
No, commodity code and HS code are not the same. A commodity code, sometimes referred to as a Harmonized System code, is a type of numerical classification used for goods traded between countries. It is a systematic cataloging system used by customs officials to track international trade and to denominate taxes and tariffs.
HS codes are used to classify and identify goods used in international trade. They are also used to determine tariff and tax amounts. However, a commodity code is different from an HS code in that it is a code used to describe individual items or services in trade, outlining their characteristics, such as size, value, weight, and other specifications.
It is similar to a product code, which identifies individual products, as well as specific features, such as colors, sizes, and so on. Ultimately, while both commodity and HS codes are used to identify goods in international trade, they are not interchangeable.
Are commodity codes 8 or 10 digits?
Commodity codes generally come in two different formats, 8-digit and 10-digit. The 8-digit codes are used in the European Union, while 10-digit codes are used in the United States, including the North American Free Trade Agreement (NAFTA).
The 10-digit code consists of the 6-digit Harmonized System (HS) code and the 4-digit Schedule B code.
The 8-digit codes are based on the Combined Nomenclature (CN), which is the EU’s adaptation of the HS, and fulfil the requirements of customs duties and trade statistics. The CN consists of 2 different types of codes, the 8-digit Combined Nomenclature codes and a ten-digit “tariff heading”.
In the EU, the 8-digit codes are used for most purposes such as international trade, classification, customs clearance, fiscal and statistical declarations. The 10-digit code is only necessary for imports and exports across the US-Mexico and US-Canada borders, as mandated by NAFTA.
Therefore, the answer to the question is that commodity codes are generally either 8 or 10 digits in length, depending on the trade area the product is being imported into or exported from.
How many commodity codes are there?
There are over 12,000 commodity codes in the Harmonized System of the World Customs Organization (WCO). The Harmonized System is an international system used to classify goods and products that are shipped between countries, which is managed and overseen by the WCO.
Each item of goods, raw material, and service is assigned one of the 12,000+ codes, which is used to identify goods, aid in customs clearance, and for national and international trade statistics. The exact number of codes is continuously changing, as new goods and services are added, or current goods and services are combined or split into different categories.
However, the most recent count from the WCO is 12,215 commodity codes.
What is the meaning of Nigp?
NIGP (National Institute of Governmental Purchasing) is a not-for-profit organization that is dedicated to advancing the public procurement profession. It is the largest professional purchasing organization in the world and serves to unify the procurement profession by providing educational and professional development opportunities, and advocating for public procurement at both the governmental and non-governmental levels.
The NIGP serves by providing training and certification programs and setting standards of ethical practice and ethical conduct. The NIGP also works with member state and local governments to share best practices and provide peer-to-peer partnering opportunities.
The goal of the organization is to ensure that all governments are able to get the best value from their procurement activities.
What is NIGP certification?
NIGP (The Institute for Public Procurement) is the professional association of public procurement and government agencies responsible for purchasing goods and services. NIGP certification is a professional credentialing program that recognizes individuals who have successfully demonstrated their abilities to understand, interpret and apply best practices in public procurement.
It is an individual certification program, open to current or former members of the NIGP, local, state/provincial/territorial, or federal-level governmental and quasi-governmental procurement officials (including public works, public safety and utilities).
Successful completion of the program results in the individual achieving the NIGP Professional Procurement Certification, often referred to as “Certified NIGP”. Professionals who obtain this certification demonstrate a high degree of competence and experience, which is widely respected and held in high regard by the public procurement profession.
By obtaining the certification, individuals prove their expertise in public procurement and demonstrate their commitment to advancing the profession and delivering innovative solutions to their purchasing needs.
The NIGP certification program allows individuals to stay current with new industry practices, technology and laws and create a competitive edge in their own workplace.
What is a Defra code?
A Defra Code is an allocation that is assigned to activities which must be registered with the Environment Agency (EA). It identifies the type of activity that is being carried out, such as storing, handling, manufacturing or treating of waste.
The code is also used to assess which regulations apply to the activity and what permissions or licenses are needed before it can legally take place. The code is assigned through the EA when a premises registration application is initially submitted, and it is made up of 9 characters.
Each of the characters refer to a certain aspect of the activity taken place, for example the first two characters represent the sector and the following five characters represent the activity. Defra codes are regularly updated by the EA in order to keep up with the latest regulations.
The code must be visibly displayed on the premises in which the activity takes place and must be accurately updated if any changes take place.
Is a tariff code the same as a commodity code?
No, a tariff code and a commodity code are not the same. A tariff code is an internationally standardized coding system for merchandise imports and exports. For example, the Harmonised System (HS) is a worldwide standard for describing the types of products being traded.
The HS code assigns a 10-digit numerical values (e. g. 0000. 00. 0000) to each product, which is then divided into sections, chapters, groups, and subgroups. This code enables the efficient tracking and classification of goods entering and leaving a country.
A commodity code is the same primary code as the tariff code, but it is typically used domestically within countries to classify goods for taxation and other regulations. It is typically an 8-digit numerical value assigned by a government that categorizes goods according to their use.
The commodity code is often used by customs authorities to track imports and exports, as well as to calculate duties, value-added tax, and other local taxes.
What is a Unspsc code used for?
Unspsc codes, or the United Nations Standard Products and Services Codes, are used to provide a globally standardized system for identifying and categorizing goods and services throughout the supply chain.
They are a four-level hierarchical system that was created to allow manufacturers, retailers, and other supply chain organizations to easily identify, categorize, and purchase products and services. The code is organized by a top-level family, then sub-category, class, and commodity.
This allows companies to accurately market and purchase items according to criteria such as price, quality, and specifications. The codes are publicly available and are used extensively both in government and private sector transactions, particularly when using a commodity classification system or when completing large procurement contracts.
The standardized Unspsc codes make it simpler to compare different goods or services and enables them to be tracked or monitored.
How do I find my Royal Mail customs code?
The Royal Mail provides a unique customs code to each individual customer for tracking and tracing postal items. This code can be found on the physical document (Exchange Control Form) that you have received from the Royal Mail.
The Exchange Control Form acts a proof of payment, allowing the Royal Mail to process payments of international mail. The eight-digit customs code is located on the lower right corner of the document and is a combination of numbers and letters.
Once you have located the code, you can use it to track your items online or contact the Royal Mail to find out the status of your shipment.