Landed Cost Calculation Essentials

In the ever-expanding realm of cross-border eCommerce, understanding landed cost calculation is paramount for businesses seeking to thrive in international markets. Landed cost, the total price of a product once it has arrived at a buyer’s doorstep, encompasses various expenses such as customs duties, taxes, shipping fees, and handling charges. Accurate landed cost calculation is […]

Cross-border Duties & Taxes Demystified

Are you a business engaged in cross-border trade? If so, you’re likely familiar with the complexities surrounding duties and taxes. Navigating the labyrinth of international regulations and tariffs can be daunting, often leading to unexpected costs and delays. But fear not! In this post, we’ll shed light on this intricate subject and introduce you to […]

AI Streamlines Global Trade Compliance

In today’s interconnected world, global trade serves as the lifeblood of economies worldwide, facilitating the exchange of goods and services across borders. However, with the opportunities presented by international trade come complex regulatory frameworks and compliance requirements that can pose significant challenges, particularly for postal companies, logistics, and supply chain-related businesses. Enter the era of […]

Efficient Landed Cost Calculation Strategies

In the world of international trade and eCommerce, determining the true cost of imported goods is paramount for making informed business decisions. Landed cost, which encompasses not only the price of the product itself but also additional expenses incurred during the procurement process, holds the key to accurate financial planning and pricing strategies. However, navigating […]

The Importance of Data Cleaning for HS Compliance in EU logistics

In the world of international trade and logistics, ensuring smooth customs processes is essential for a thriving business. The accurate classification of goods under the Harmonized System (HS) is a pivotal aspect, especially for companies operating in the European Union (EU). In this blog post, we’ll delve into the importance of data cleaning for goods […]

AI’s Role in Customs Compliance and Trade Agreements

In our increasingly interconnected world, customs compliance and international trade agreements play pivotal roles in global commerce. Staying compliant with intricate customs regulations and navigating the complex web of trade agreements can be challenging for businesses. However, Artificial Intelligence (AI) has emerged as a powerful tool, simplifying these processes and ushering in a new era […]

Get to Know Our Compliance Solution for the UK

With the UK’s official withdrawal from the European Union, relations between British and EU-based traders took new commercial, political and even social directions. Currently, countries on both sides are struggling to comply with numerous new rules and requirements that have added more complexity to the flow of goods in the region. Although economic agreements facilitate […]

Get to Know our Landed Cost Calculation Engine

In the intricate web of global logistics and supply chain management, one crucial element stands out: the Landed Cost Calculation (LCC). This tool serves as the compass for decision-makers, meticulously deciphering and evaluating every step of the shipment process to unveil the true cost implications. At My Duty Collect, our state-of-the-art Landed Cost Calculation engine […]

5 Things You Should Know About the Classification of Goods In The EU

Navigating the classification of goods within the European Union (EU) can be a complex task for importers and exporters alike. Understanding the nuances of EU customs regulations is essential for smooth cross-border transactions. Here are five key insights to help you master the classification of goods in the EU: – READ MORE: The Importance of Landed […]

How ICS2 is Bringing Complexity to the Flow of Goods in the EU

In an increasingly interconnected world, the European Union (EU) plays a pivotal role in shaping international trade policies. The flow of goods across its member states’ borders is a complex, multifaceted process that involves various stakeholders, intricate regulations, and evolving technology. Recently, the introduction of the Import Control System 2 (ICS2) has further heightened the […]