Landed Cost
Request Structure Information
The following are the data elements that GTM sends to the third party data provider's tax engine as part of the tax request:
- Source and Destination
- Transport Mode
- Product Information
-
- Classification Code, Country of Origin (COO)
- Quantity
-
- The duty and taxes are based on quantities expressed in different UOMs. The data provider supplies this quantity requirement to GTM using the 5 DUTY_TAX_UOM attributes along with the classification code downloaded. You must either enter manually or transform their quantity in these UOMs.
- Base Amounts for Duty and Taxes. GTM will add up the values manually entered or calculated by the system into these four cost categories of the data provider:
-
- COST OF GOODS: The FOB price of the item (i.e. not considering international freight and insurance).
- FREIGHT AMOUNT: The freight value.
- INSURANCE: The insurance value.
- DUTIABLE FREIGHT AMOUNT: In some cases this value differs from the International Freight. For example, in Europe when importing from India with a transportation mode AIR, the dutiable freight could be 70% of the International Freight amount.
GTM provides the following default mapping :
- ValueQualifier.DUT INTL FREIGHT. It is the dutiable international freight value qualifier. It will map to DUTIABLE_FREIGHT_AMOUNT in the external tax engine.
- ValueQualifier.FOB VALUE. It is the FOB price value qualifier. It will map to COST_OF_GOODS value in the external tax engine.
- ValueQualifier.INSURANCE. The insurance amount value qualifier. It will map to INSURANCE value in the external tax engine.
- ValueQualifier.INTL FREIGHT. The international freight value qualifier. It will map to FREIGHT_AMOUNT value in the external tax engine.
You can map your own value qualifier with the property mappings as mentioned in Duty and Tax request properties section.
Note: The Request Structure supports:
Multiple Lines per Transaction (Estimate Landed Cost on Trade Transaction)
Multiple Transactions per Request (Landed Cost Simulator)