Duty and Tariff Data Solutions
Improve Accuracy, Save Time, and Lower Costs with Comprehensive Duty and Tariff Data Solutions
Best-in-class import duty and tariff data covering 175+ countries, with Harmonized Tariff Schedule (HTS) codes, duty rates, tariffs, binding rulings, trade agreements, and regulations. This solution facilitates product classification, landed cost calculation, and supply chain management, and can be used seamlessly with existing business systems.
Avoid Common Import Compliance Challenges
Collaboration Issues: Import compliance requires input from multiple internal and external stakeholders—customs and supply chain teams, legal experts, and third-party consultants, among others. Misalignment or poor communication can lead to misclassification of goods, exposing the business to risks.
Duty & Tariff Complexities: Incorrect classification or failure to stay current with evolving duties and import tariffs can result in legal and financial risks.
Information Security Risks: Managing import duty and tariff data involves gathering detailed information from multiple sources, often stored across disparate systems, making collaborating and maintaining data integrity and security challenging.
High Costs: Mismanagement can cause shipment delays, additional storage fees, and disruptions in the supply chain, all of which add significant costs to operations.
Simplifying Duty and Tariff Data Research for Seamless Global Operations
Descartes duty and tariff data helps you overcome complexities in import duty content management and research to enhance compliance and boost operational efficiency across geographies.
Accurate and Up-to-Date Trade Data
Access a comprehensive trade data library covering over 175 countries. With advanced search capabilities, you can quickly look up Harmonized Tariff Schedule codes, explore Free Trade Agreements (FTAs), and stay informed on the latest changes in global trade rules. This extensive resource helps reduce the risks of costly penalties, shipment delays, and non-compliance, ensuring smoother international trade operations.
Comprehensive Regulatory Database
Dive into an extensive global trade regulatory database, offering access to over 6 million regulatory sources. This vast resource ensures your organization always has access to the most current, accurate, and relevant information across multiple markets. With complete and reliable import duty and tariff data at your fingertips, you can streamline compliance research and make informed decisions.
Easier Landed Cost Calculation
Simply search between different information sources in a single, comprehensive database that helps calculate landed cost accurately. With access to updated import duty, tariffs, Harmonized Tariff Schedule codes, and Value-Added Tax (VAT) rates in one place, businesses can streamline their cost estimation process, leading to better pricing strategies, more transparent cost forecasts, and enhanced profitability.
Cost Reduction and Operational Efficiency
Leveraging comprehensive duty and tariff data reduces operating costs by minimizing errors, ensuring accurate import duty payments, streamlining customs processes, reducing manual tariff research, and mitigating misclassification risks. This data can be used with your existing business systems (such as SAP and Oracle) enhancing overall trade compliance management and workflow efficiency.
Risk Mitigation and Avoidance of Penalties
Access to real-time, accurate duty and tariff data reduces the risk of misclassification, which could lead to costly fines or shipment delays. By ensuring the correct classification of goods, your organization can proactively mitigate compliance risks, streamline customs processes, and avoid potential penalties that could negatively impact your bottom line.
Streamlined Product Classification and Compliance
Enhance compliance by utilizing accurate global duty and tariff data to ensure precise product classification across 175+ countries. This comprehensive database includes Harmonized Tariff Schedule codes, Export Control Classification Number (ECCN), commodity export codes, FTAs, denied party screening lists, import tariffs, and up-to-date import duty information, streamlining and supporting your product classification requirements.
Helping Businesses Enhance Supply Chain Efficiency with Comprehensive Duty and Tariff Data
Parker Meggitt faced export compliance challenges due to manual research, struggling to manage complex international trade regulations and vast volumes of import duty and tariff data.
Descartes has all the up-to-date trade and tariff content we need in one place—from Harmonized Tariff Schedule, ECCN and United States Munitions List (USML) classification data to rules of origin and trade regulations—and it integrates seamlessly with our SAP GTS for a completely automated solution. I consider Descartes a key partner for us as we look to build out our compliance programs and expand trade to new countries."
JONATHAN PRIGANC, Director – Global Cyber Compliance, Risk Management, & Compliance Systems, Parker Meggitt
Optimize Customs Clearance and Ensure Accurate Landed Cost Calculations with Real-Time Duty and Tariff Data in Your Existing Systems
What is a customs duty? It is a tax imposed on goods crossing international borders, calculated based on product value, origin, and classification. Accurate import duty rates are essential for ensuring compliance, managing landed costs, and avoiding penalties.
Incorporating comprehensive, real-time duty and import tariff data into your ERP systems (such as SAP and Oracle), Ecommerce, and other business systems allows you to streamline customs clearance, ensure precise landed cost calculations, and apply the correct import tariffs every time. This helps reduce errors for seamless global trade operations. Stay compliant, avoid disruptions, and unlock growth—with the right trade data.
Unlock Global Ecommerce Potential with Descartes Duty and Tariff Data
Until now, our fixed-price operating model has prevented us from opening up certain countries to ecommerce. Thanks to Descartes and the precise landed cost calculations it allows, our catalogue is now available in 21 new countries, such as South Africa, Brazil, Malaysia, the Philippines, Qatar, Taiwan and the United Arab Emirates.”
CHARLES BELLOIS, Director of Operations, Vestiaire Collective
Ready to see Descartes Duty & Tariff Data in action?
Descartes solutions help simplify and streamline import compliance operations, making them more cost effective. Using accurate import duty and tariff data, businesses can optimize workflows, save time and resources, and minimize legal and financial compliance risks.
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