Determining customs components and products’ classification is the fundamental task to ensure compliance of international trade operations. It determines the customs tariff allocation, eligibility for free trade agreements as well as the rules for the application of regulatory constraints on exports and imports. MyTower GTM - Classification Management allows manual, semi-automated, and automated classification of products based on product criteria, characteristics, and current regulations. The solution also validates product classification by taking into account updated reference data. Data can be shared between product teams, customs, and external providers. Each decision to classify is contextualised and retained for audit purposes.
Would you also like to optimise your Transport processes ?
MyTower offers Transport Management solutions, which can complement our Customs & Global Trade Management solutions.