Quoted landed cost
Quoted landed cost is the total cost of a product once it has arrived at its destination. It includes the product price, shipping fees, custom duties, taxes, and any other fees incurred during transit. Accurate calculation of the quoted landed cost is essential for pricing and profitability in cross-border eCommerce.
Calculating accurate landed cost is hugely complex with each country. Since each country set their own levels on the value of goods that can be imported before the taxes and duties are payable, they apply their own rules for the level of tax and duty on different types of goods.
To cater this problem, the Hurricane Duty and Tax Calculator calculates the duty rate, tax rate, duty payable and tax payable in the currency of the sending or receiving country.
Providing the landed cost to consumers as a part of the checkout experience ensures the full cost of purchase is visible before the purchase is completed – without it the risk of dissatisfied customers and returned shipments increases dramatically.
The landed cost API removes the complexity and allows the retailer to ensure full visibility of the end-to-end costs, helping ensure the best possible consumer experience both in the check-out and during the delivery process.
Note
For more information on how to use this API service, refer to the Commodity Codes Validation block of the API References section.
Updated about 2 months ago