Master universal tariff system and method
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Jul 11, 2002
app pub date -
Sep 12, 2001
filing date -
May 30, 2000
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
The present invention is a system and method for providing real-time tariff and import data over a computer network, including, preferably, the calculation of total landed cost. The total landed cost is calculated as a function of input transaction information, such as transaction value, freight and insurance costs, type of good(s), import, shipment, and export countries. A duty calculation engine accesses relevant tariff rates and applies the lowest of such rates to arrive at a duty calculation. An import tax calculation engine accesses relevant databases of country specific import tax rates, charges and fees and applies them to arrive at import tax costs. A total landed cost calculation engine determines the total landed cost from the duty calculation and the import tax calculation.
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