As already detailed in previous posts here, My Duty Collect has established itself as one of the few businesses that have automated all of the new cross-border requirements regarding taxes, rules and regulations in the European Union. In this post, however, we present 3 perks of our landed cost calculation engine to motivate you to further expand your business targets and goals.

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1- Accurate HS Code Classification

This is definitely the most important part of the entire landed cost process. Misclassification of goods can lead to bottlenecks in the supply chain flow and cause customs clearance and delivery delays. Our engine can accurately classify goods according to their many specifications avoiding any unnecessary surprises. The correct classification makes the following processes easier.

2- Instant Tax Return

Once goods have been classified, our landed cost engine instantly returns the correct taxes according to the country of destination and the HS code. The taxes are an important part of the customs clearance process, so they must be precisely stated and charged.

3- Precise Import Duty

The duty calculation is considered by many as the most difficult part of the landed cost calculation, mainly because it can consider different variations such as free trade agreements, exemptions, duty-free goods, etc. Our engine returns the accurate import duties according to the HS code in the process. Accurate duty rates can prevent you from extra and unwanted charges.

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