Trade Insight AI (TIA) is an advanced generative AI tool designed to classify goods according to the U.S. Harmonized Tariff Schedule (HTSUS). It improves accuracy, efficiency, and compliance in trade duty classification processes while significantly reducing costs and time spent on manual efforts.
TIA leverages AI to analyze product descriptions and determine accurate HTS codes, providing:
● Higher classification accuracy compared to traditional methods.
● Faster processing, completing tasks in minutes rather than hours.
● Transparent documentation with clear assumptions and rationale for every classification.
Using TIA can help:
● Ensure compliance with customs regulations to avoid fines or penalties.
● Optimize supply chain operations with accurate duty calculations.
● Save costs and reduce time spent on manual classification and audits.Provide thorough documentation for every classification.
In tests, TIA achieved an overall accuracy rate of 94%, outperforming experienced human classifiers, who averaged 75%. It provides detailed classification rationales and is particularly adept at applying explanatory notes from HTSUS.
Yes, TIA is designed to handle incomplete or ambiguous product descriptions. It provides assumptions clearly in its output and offers alternative classifications when applicable, enabling users to make informed decisions.
TIA can classify goods across all chapters of the HTSUS. It is particularly good at food and apparel.
No, TIA is a tool to augment human expertise. It serves as a first-line review or audit tool, enabling experts to process more classifications with higher accuracy and better documentation. Human oversight is still critical for final compliance.
In a benchmark test, TIA completed 80 classifications for under $300. Traditional methods using human classifiers cost approximately $700 for the same workload, making TIA a cost-effective solution.
Yes, TIA is highly effective for auditing. It processes large volumes of product descriptions and flags potential misclassifications, providing detailed rationales to simplify the review process.
To get started, you can join one of TIA’s pilot programs, which include:
- Audits of past classifications.
- Workflow integration for digital transformations.
- Collaboration with consultants and service providers.
Contact us at: contact@tradeinsightai.com to learn more and set up a pilot program tailored to your needs.
