Increase revenues with Webb Valuation

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.

 

Let’s explore Webb Valuation

What is valuation and classification?

 

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.

 

How does it work?

 

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.

 

What are the benefits
of Webb Valuation?

Webb Valuation helps identify the appropriate value and commodity code of imported goods, preventing losses in duties and taxes collection while ensuring regulatory compliance.

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Accurate valuation and classification assessment

Webb Valuation expedites the process of confirming the accuracy of valuation and classification by leveraging advanced technologies, reducing delays in customs clearance.

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Faster verification with integrated AI solutions

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.

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Automated assessments based on risk score

By offering clear and accessible information regarding valuation findings, duties calculation and appeal processes, Webb Valuation fosters trust and compliance among users and stakeholders.

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Transparency on valuation and classification process

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.

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Automation lessens risks of demurrage costs

What are the standout features?

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AI-powered classification

Uses AI algorithms to accurately classify imported goods based on commercial description

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AI-powered valuation

Uses AI to identify possible under invoicing and provide references for data driven decisions

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Integrated price databases

Price databases to support valuation with comparable price information

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Risk indicators and alerts

Identify potential risks with automated alerts based on historical data

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Automatic task allocation

Automates allocation of tasks to users based on profile, workload or expertise

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Amendment and petition processing

Provide traders appeal rights to foster trust and ensure compliance with international regulations

Webb Valuation success in numbers

80%

of products auto-classified with 98% accuracy

95%

of transactions processed within targeted time

up to 35%

increase in duties and taxes

10M+

product lines valued and classified

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Mathias Georges

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.

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Where has Webb Valuation been implemented?

Benin

Benin

Central African Republic

Central African Republic

Ghana

Ghana

Ivory Coast

Ivory Coast

Rep of Congo

Republic of Congo

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