Product
Trade & Customs
1 company, 1,000 trade files/year; HS code library, landed cost and document consistency included
- 10 full users
- 1 sites
- 4 modules
Free tool
HS Code Comparison
Compare the tax burden of different HS codes considered for the same product at the same customs value. No sign-up needed; results update as you type.
See the system that does this automaticallyOpen the live demoHS Code Comparison: worked example
The example table has 3 rows; other values: Customs value (CIF) 53,500 USD. With these values the results are:
| Lowest tax burden | 4,858 USD |
|---|
How to use: HS Code Comparison
- Enter your own values: Customs value (CIF).
- Add or delete table rows as needed; totals update automatically.
- Choose the currency; money inputs are converted at an approximate rate.
- Results are calculated as you type: Lowest tax burden.
- Check every step of the calculation in the formulas below.
How is it calculated?
- Tax (each row) = [Customs value (CIF)] × [Customs duty %] ÷ 100 + [Customs value (CIF)] × [Additional duty %] ÷ 100 + [Customs value (CIF)] × (1 + ([Customs duty %] + [Additional duty %]) ÷ 100) × [VAT %] ÷ 100
- Eff (each row) = [Tax] ÷ [Customs value (CIF)] × 100
- Lowest tax burden = [min Tax]
Duty rates vary by country, origin and trade agreements. Verify current rates in the official customs tariff or with your customs broker; the tool calculates with the rates you enter.
Other tools running on Trade Cost Engine
Combines goods value, freight, insurance, customs duty, VAT and local charges into one cost chain and derives unit cost and profitability.
FCRSOFT
FCRSOFT does this for you automatically
You don’t need to do the calculations and checks on this page by hand every day. FCRSOFT derives them all automatically from the records entered in the field.
- HS codes and tax rates are stored on product cards.
- Duties and VAT are calculated automatically in every import file.
- Customs declarations and charges are linked to the file.
Frequently asked questions
How is HS Code Comparison calculated?
Compare the tax burden of different HS codes considered for the same product at the same customs value. The calculation uses Trade Cost Engine: Combines goods value, freight, insurance, customs duty, VAT and local charges into one cost chain and derives unit cost and profitability.
How is Lowest tax burden found?
Lowest tax burden = [min Tax]. With the example values (Customs value (CIF) 53,500 USD) the result is 4,858 USD.
Worked example: HS Code Comparison
Example values: Customs value (CIF) 53,500 USD. Lowest tax burden: 4,858 USD.
Is HS Code Comparison free?
Yes. The tool is free, needs no sign-up and runs in your browser; the data you enter is not stored.
Can FCRSOFT do this calculation automatically?
FCRSOFT runs this calculation in every import and export file automatically and records landed cost and minimum selling price. You can try the Trade & Customs package in the live demo without installing anything.
Where do I find duty rates?
Duty rates vary by country, origin and trade agreements. Verify current rates in the official customs tariff or with your customs broker; the tool calculates with the rates you enter.
Which currency can I calculate in?
Choose one of 28 currencies in the currency selector; monetary inputs are converted at an approximate rate. To use your own rate, enter the amounts directly.
FCRSOFT solutions
All inclusive
Enterprise Site — all products
Farm · Hatchery · Feed ERP · Processing · WMS & Supply · Sales & CRM · Finance · Maintenance · Trace & Cold Chain · B2B Commerce · Fleet & Vessel · Voyage & Chartering · Trade & Customs · Freight & Container
- 30 full users
- 1 sites
- 69 modules
