Real time global tariff and import data system and method
First Claim
1. A real-time global tariff and import data system comprising:
- A. a data storage system, comprising a set of tariff and duty data including, for each of a plurality of countries, a set of product codes and corresponding duty rates and import tax rates;
B. an input mechanism, configured to accept a set of transaction information including origin country, shipment country, destination country, subject product code, transaction value, quantity of product units, and transaction currency;
C. a duty calculation engine, configured to calculate a subject product duty as a function of said duty rate and said set of transaction information; and
D. a tax calculation engine, configured to calculate a subject product import tax as a function of said tax rate and said set of transaction information.
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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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Citations
31 Claims
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1. A real-time global tariff and import data system comprising:
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A. a data storage system, comprising a set of tariff and duty data including, for each of a plurality of countries, a set of product codes and corresponding duty rates and import tax rates;
B. an input mechanism, configured to accept a set of transaction information including origin country, shipment country, destination country, subject product code, transaction value, quantity of product units, and transaction currency;
C. a duty calculation engine, configured to calculate a subject product duty as a function of said duty rate and said set of transaction information; and
D. a tax calculation engine, configured to calculate a subject product import tax as a function of said tax rate and said set of transaction information. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A real-time global tariff and import data system comprising:
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A. a data storage system, comprising a set of tariff and duty data including, for each of a plurality of countries, a set of product codes and corresponding duty rates and import tax rates;
B. an input mechanism, configured to accept a set of transaction information including origin country, shipment country, destination country, subject product code, transaction value, quantity of product units, and transaction currency;
C. a duty calculation engine, configured to calculate a subject product duty as a function of said duty rate and said set of transaction information; and
D. a tax calculation engine, configured to calculate a subject product import tax as a function of said tax rate and said set of transaction information; and
E. a total landed cost engine, configured to calculate a total landed cost from said subject product duty, said subject product import tax, and a set of ancillary cost information. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A real-time global tariff and import data system comprising:
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A. a data storage system, comprising a set of tariff and duty data including, for each of a plurality of countries, a set of product codes and corresponding duty rates and import tax rates;
B. an input mechanism, configured to accept a set of transaction information including output format code, origin country, shipment country, destination country, subject product code, transaction value, quantity of product units, and transaction currency;
C. a duty calculation engine, configured to calculate a subject product duty as a function of said duty rate and said set of transaction information; and
D. a tax calculation engine, configured to calculate a subject product import tax as a function of said tax rate and said set of transaction information; and
E. an output mechanism, configured to selectively invoke said duty calculation engine and said import tax calculation engine as a function of said output format code, wherein said system includes a set of predetermined output formats with each output format having a unique output format code, and wherein each of said output formats includes at least one of subject product duty information or subject product tax information. - View Dependent Claims (14)
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15. A real-time global tariff and import data system comprising:
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A. a data storage system, comprising a set of tariff and duty data including, for each of a plurality of countries, a set of product codes and corresponding duty rates and import tax rates;
B. an input mechanism, configured to accept a set of transaction information including output format code, origin country, shipment country, destination country, subject product code, transaction value, quantity of product units, transaction currency, and ancillary cost information;
C. a duty calculation engine, configured to calculate a subject product duty as a function of said duty rate and said set of transaction information; and
D. a tax calculation engine, configured to calculate a subject product import tax as a function of said tax rate and said set of transaction information; and
E. a total landed cost engine, configured to calculate a total landed cost from said duty, said import tax, and ancillary cost information; and
F. an output mechanism, configured to selectively invoke said duty calculation engine and said import tax calculation engine as a function of said output format code, wherein said system includes a set of predetermined output formats with each output format having a unique output format code, and wherein each of said output formats includes at least one of duty or tax rate or amount information. - View Dependent Claims (16)
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17. A real-time global tariff system, accessible via a network, comprising:
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A. a data storage system comprising duty data including, for each of a plurality of countries, a set of product codes and corresponding duty rates;
B. an input mechanism, configured to accept a set of transaction information including origin country, shipment country, destination country, subject product code, transaction value, quantity of product units, transaction currency, and ancillary cost information;
C. a duty calculation engine, configured to calculate a subject product duty as a function of said duty rate and said set of transaction information;
D. a Web server system, coupled to said duty calculation engine, wherein said Web server system includes a Web page generator configured to generate said input mechanism as a set of Web pages; and
E. an output mechanism, configured to selectively invoke said duty calculation engine and wherein said Web server system is configured to generate a Web page presenting said duty.
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18. A real-time global import tax system, accessible via a network, comprising:
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A. a data storage system comprising import tax data including, for each of a plurality of countries, a set of product codes and corresponding import tax rates;
B. an input mechanism, configured to accept a set of transaction information including origin country, shipment country, destination country, product code, transaction value, quantity of product units, transaction currency, and ancillary cost information;
C. a tax calculation engine, configured to calculate a subject product import tax as a function of said tax rate and said set of transaction information;
D. a Web server system, coupled to said tax calculation engine, wherein said Web server system includes a Web page generator configured to generate said input mechanism as a set of Web pages; and
E. an output mechanism, configured to selectively invoke said tax calculation engine and wherein said Web server system is configured to generate a Web page presenting said tax.
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19. A method of providing real-time global tariff and import data over a networked computer system, said method comprising:
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A. establishing in a data storage system a set of tariff data and duty data, including for each of a plurality of countries, a set of product codes and corresponding duty rates and import tax rates;
B. entering at a client device a set of transaction inputs including origin country, shipment country, destination country, subject product code, transaction value, quantity of product units, and transaction currency;
C. transmitting said set of transaction information to a tariff and import data system;
D. calculating a subject duty, as a function of a product duty rate and said set of transaction information;
E. calculating a subject import tax, as a function of a product duty rate and said set of transaction information; and
F. transmitting said subject duty and said subject import tax to said client device in substantially real-time. - View Dependent Claims (20, 21, 22)
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23. A method of providing real-time global tariff and import data over a networked computer system, said method comprising:
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A. establishing in a data storage system a set of tariff data and duty data, including for each of a plurality of countries, a set of product codes and corresponding duty rates and import tax rates;
B. entering at a client device a set of transaction inputs including origin country, shipment country, destination country, subject product code, transaction value, quantity of product units, and transaction currency;
C. transmitting said set of transaction information to a tariff and import data system;
D. calculating a subject duty, as a function of a product duty rate and said set of transaction information;
E. calculating a subject import tax, as a function of a product duty rate and said set of transaction information; and
F. calculating a total landed cost as a function of said subject product duty, said subject product import tax, and a set of ancillary information; and
G. transmitting one or more of said subject duty, said subject import tax, and said total landed cost to said client device in substantially real-time. - View Dependent Claims (24, 25, 26, 27, 28, 29)
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30. A method of providing real-time global tariff data over a networked computer system, said method comprising:
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A. establishing in a data storage system a set of duty data, including for each of a plurality of countries, a set of product codes and corresponding duty rates and a plurality of output formats wherein each output format has a corresponding output format code;
B. entering at a client device a set of transaction inputs including origin country, shipment country, destination country, subject product code, transaction value, quantity of product units, transaction currency and subject product code;
C. transmitting said set of transaction information to a tariff and import data system;
D. calculating a subject duty, as a function of a product duty rate and said set of transaction information;
E. transmitting said subject duty to said client device in substantially real-time; and
G. outputting said subject duty at said client device in an output format corresponding to said subject output code.
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31. A method of providing real-time global import tax data over a networked computer system, said method comprising:
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A. establishing in a data storage system a set of import tax data, including for each of a plurality of countries, a set of product codes and corresponding import tax rates and a plurality of output formats wherein each output format has a corresponding output format code;
B. entering at a client device a set of transaction inputs including origin country, shipment country, destination country, subject product code, transaction value, quantity of product units, transaction currency and subject product code;
C. transmitting said set of transaction information to a tariff and import data system;
D. calculating a subject import tax, as a function of a product import tax rate and said set of transaction information;
E. transmitting said subject import tax to said client device in substantially real-time; and
G. outputting said subject import tax at said client device in an output format corresponding to said subject output code.
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Specification