Goods classification is the most crucial part of customs compliance. The World Customs Organisation introduced a universal language named Harmonised System (HS) code for identifying goods. This system classifies the goods on the basis of their composition, size, intent, manufacturing, and other parameters.
Classifying goods accurately is a complex and error-prone task. In case of inaccurate classification, you may face serious consequences, including heavy fines, penalties, or even seizure of goods.
Thus, to ensure the accuracy of your commodity codes, you need an AI-driven classification tool to do the task.