Duty Calculation

Duty computation in CargoWise is an important automation function that helps to simplify international shipments by computing necessary customs fees and taxes during the declaration process. CargoWise calculates duty rates automatically based on product classifications, origin, destination, and any applicable trade agreements using preset customs codes (also known as HS codes—Harmonized System codes).

This feature supports numerous currencies and local rules, allowing for proper financial planning and compliance. Logistics professionals can incorporate duty estimations into quotations, invoicing, and shipment records, increasing transparency and cost forecasting. Because the system uses the most recent customs databases and tax schedules, it reduces manual errors and ensures regulatory compliance. It saves time and reduces the possibility of overpayment or underpayment in high-volume freight operations. It also plays an important role in preparing audits and customs inspections.