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Secure customs revenues and speed up the clearance process with our risk-based AI powered valuation and classification solution, providing customs administrations with an end-to-end product to determine accurate duties and taxes in line with local and international regulations.
Customs valuation and classification are essential components of international trade regulation, ensuring the accurate determination of duties and taxes while promoting consistency and transparency in trade practices. Customs valuation involves assessing the value of imported goods for customs purposes, which directly impacts the calculation of duties and taxes imposed on these goods, thus influencing trade transaction costs.
Classification, on the other hand, involves categorising goods systematically based on predetermined criteria such as their nature, composition, function, and intended use. Each item is assigned a specific classification code or tariff code from a globally recognised system like the Harmonised System (HS). This standardised classification system ensures uniformity in trade documentation and customs procedures across different jurisdictions. Accurate classification is crucial not only for determining applicable customs duties and taxes but also for regulatory compliance, compiling trade statistics, and assessing risks by customs authorities.
Both customs valuation and classification are vital in promoting fair trade practices, facilitating efficient customs clearance processes, and ensuring compliance with international trade regulations.
Webb Valuation is Webb Fontaine's web-based solution for customs valuation and classification. It enables a fast and accurate assessment process for goods crossing borders. This application equips customs officers with advanced tools to perform various tasks such as customs valuation, classification, fraud reporting, quality checking, case management or physical inspection supported by risk engine and AI-based services for partial or full automation.
Accurate valuation and classification assessment
Webb Valuation helps identify the appropriate value and commodity code of imported goods, preventing losses in duties and taxes collection while ensuring regulatory compliance.
Book a demoAccurate valuation and classification assessment
Faster verification with integrated AI solutions
Webb Valuation expedites the process of confirming the accuracy of valuation and classification by leveraging advanced technologies, reducing delays in customs clearance.
Book a demoFaster verification with integrated AI solutions
Automated assessments based on risk score
By utilising algorithms to evaluate the level of risk associated with each import transaction, Webb Valuation streamlines the identification of high-risk cases for further scrutiny.
Book a demoAutomated assessments based on risk score
Transparency on valuation and classification process
By offering clear and accessible information regarding valuation findings, duties calculation and appeal processes, Webb Valuation fosters trust and compliance among users and stakeholders.
Book a demoTransparency on valuation and classification process
Automation lessens risks of demurrage costs
Webb Valuation optimizes customs clearance processes and minimizes delays that could lead to additional charges for storage or detention of goods at ports or terminals.
Book a demoAutomation lessens risks of demurrage costs
Uses AI algorithms to accurately classify imported goods based on commercial description
Uses AI to identify possible under invoicing and provide references for data driven decisions
Price databases to support valuation with comparable price information
Identify potential risks with automated alerts based on historical data
Automates allocation of tasks to users based on profile, workload or expertise
Provide traders appeal rights to foster trust and ensure compliance with international regulations
of products auto-classified with 98% accuracy
of transactions processed within targeted time
increase in duties and taxes
product lines valued and classified
Webb Valuation
Product Director
Our innovative product powered by AI technologies streamlines the technical and time-consuming valuation and classification processes with intelligent automations and seamless data-driven decisions. Facilitate trade, promote compliance, secure your customs revenues and experience the future of customs compliance with our leading-edge solution, Webb Valuation.
Benin
Central African Republic
Ghana
Ivory Coast
Republic of Congo