Business Process: Landed Cost Estimation on Trade Transaction/Declaration

The process described here is designed for companies that are interested in calculating the landed cost for a specific trade transaction/declaration.

 The basic processes that you must follow to get this calculation are:

• Perform duty and tax calculation on the trade transaction/declaration. This process is explained separately in help. For details see About Duty and Tax Calculation on a Trade Transaction or a Declaration.
• Define value qualifiers and formula expressions required to calculate landed cost. Values such as international freight, insurance, and brokerage fee are commonly required to calculate landed cost. You need to define them if they are not yet in the system. You need to define their formulas if necessary.
• Define compliance rules to assign value qualifiers required to calculate landed cost. These business rules will assign value qualifiers for that specific trade transaction/declaration header or line.
• Define compliance rules to assign formulas to value qualifiers required to calculate landed cost. These business rules will assign formulas and calculate the corresponding values for that specific trade transaction/declaration header or line.
• Execute compliance rules to assign value qualifiers required to calculate landed cost. Use your business rules to assign value sets, containing values such as charges to trade transaction/declaration header or line.
• Execute compliance rules to assign formulas to value qualifiers required to calculate the landed cost. Use your business rules to assign and calculate formulas to value qualifiers.