CargoWise ERP Glossary - Key Terms & FAQs

Our CargoWise ERP Glossary Terms provide clear, concise definitions of key terms used in CargoWise, helping users navigate the system with confidence. Along with these definitions, we've included in-depth FAQs to clarify complex concepts, ensuring you get the most out of your CargoWise solutions.

Tariff Code Management

Last updated: August 6, 2025
Logistics CargoWise
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Tariff Code Management in CargoWise is a core compliance tool that ensures goods are classified accurately using Harmonized System (HS) codes or Harmonized Tariff Schedule (HTS) codes for international trade. These codes are required for customs declarations and determine duties, taxes, and regulatory requirements. Incorrect or inconsistent classification can result in costly delays, fines, or audits. With automated and centralized tariff code management, logistics providers reduce the risk of misclassification while improving trade compliance and customs clearance efficiency.

CargoWise makes tariff categorization easier by allowing users to issue and check HS codes straight from shipments, product catalogs, and customer profiles. The system provides multi-country code mapping, which is essential for firms that operate in different jurisdictions. It also interfaces with other regulatory databases to ensure that codes are up to date and in line with current trade agreements. Tariff Code Management guarantees that each product’s categorization is correct, recorded, and consistent across the supply chain, reducing mistakes and speeding customs processes.

Frequently Asked Questions

What are HS codes, and why are they so crucial in logistics?

HS (Harmonized System) codes are standardized number categories that are used worldwide to identify traded commodities. They are critical in assessing duties, taxes, and legal import/export obligations.

How does CargoWise handle HS code management?

CargoWise enables users to assign, store, and validate HS codes at several levels, including cargo, item, and product catalog. It contributes to accurate and consistent categorization across all transactions.

Can Tariff Code Management handle the requirements of several countries?

Yes, CargoWise offers several tariff schedules for various nations, allowing firms to handle region-specific obligations from a single platform.

What happens if you use an erroneous HS code?

Using erroneous codes might result in customs delays, rejections, fines, or even legal action. CargoWise's automated validation helps to prevent these hazards before submission.

Is the tariff code history kept for audits?

Absolutely. CargoWise keeps a complete audit record of HS code assignments and modifications, which is important for compliance checks and customs audits.