CASE STUDY

Revolutionizing International Trade Compliance Process for a Leading Manufacturer

iLink Digital navigated the complexities of implementing the Harmonized System Number (HSN) Identifier tool for a leading manufacturer. Our meticulous approach ensured accurate HSN code assignments, streamlined the trade compliance process, and effectively mitigated the risk of penalties and fines, ultimately safeguarding the client’s business and reputation in the global market.

Industry

Manufacturing

Company size

49K+ Employees

Headquarters

Stockholm, Sweden

Client Background:

Our client is a leading manufacturer of compressors, vacuum solutions, generators, pumps, and assembly systems. They are deeply committed to providing reliable and energy-efficient solutions, fostering sustainable development and driving growth, embodying a vision of innovation and environmental stewardship.

Challenge

● Lack of automation could result in lower accuracy rates in HSN code assignments.
● Possibility of mismatch in a shipment due to wrong HS code provided for client’s article, leading to increased risk of losing their valuable AEO license for 3 years, potential penalties up to 10x, fines, and imprisonments.
● Despite a dedicated team of approximately 12 people working on the trade compliance project, the high volume of incoming shipments resulted in tens of thousands of backlogs, further exacerbating the challenge.

Solution

● Leveraged Robotic Process Automation to automate repetitive tasks and streamline HS code assignment process.
● Strategically employed AI and ML algorithms for accurately assigning HS codes based on learned models.
● Leveraged Computer Vision techniques for processing and interpreting product images for accurate HS code assignment, reducing manual dependency while achieving a higher accuracy rate and time savings.
● Strategically implemented Kit Rules and Modus Operandi to effectively identify the respective country’s HSN equivalent codes with greater accuracy.