Sponsored Content by ScitegrityMar 20 2023Reviewed by Olivia Frost
Millions of tons of chemicals are traded, distributed, and delivered worldwide each day. This global trade is governed by the regulations covered by Chapters 28 and 29 of the World Customs Organization (WCO) Harmonized System (HS).
Image Credit: ShutterStock/Zolnierek
Every chemical when shipped internationally requires an appropriate HS (also known as a commodity code) to be declared on shipping. A HS code is used by customs authorities to calculate tax and duty due, statistical tracking and trade compliance and sanctions enforcement. HS codes have to be declared for any item that moves across international borders. However for chemicals, they are particularly difficult to calculate, as they are based on the chemicals structure.
Ensuring the correct HS code is in place ensures compliance. However, the responsibility for negotiating what is otherwise complicated and detailed chemical guidance and rules usually falls on those with limited scientific or chemical knowledge.
This may cause delays in shipping or at customs. It can also lead to an increase in the number of errors in coding that may prove costly to businesses, easily running into the tens of thousands of dollars in unnecessary taxes every year.
Scitegrity has published a white paper that covers the challenges faced when tariff-coding organic and inorganic chemicals while also presenting ExpediChem, a new cloud-based solution that allows non-chemists to quickly search and find the appropriate HS codes and duty calculations for common and novel/proprietary chemicals.
With ExpediChem, scientists and nonscientists can identify the correct HS code in seconds, saving money and time while ensuring increasing regulatory compliance.
To find out more about chapters 28 and 29, please read the white paper here.
About Scitegrity
Want to know if your chemical is controlled, regulated, has the potential for abuse or just need a tariff code?
Our regulatory and chemistry experts encode chemical regulations from around the world allowing you to simply answer these questions and more by drawing or looking up a chemical structure.
We make regulatory compliance a simple, robust, background process. Join with 5 of the worlds top 10 pharma, chemical suppliers, regulators, CROs, forensics labs and more who trust and rely on our solutions.
Scitegrity was founded in 2011 by ex-Pfizer, GSK and Roche chemists and data scientists with the goal of making compliance to chemical regulations are far more robust, accurate and automatic.
By automatically checking all the chemicals an organisation has at the structure level, it allows enterprise wide automatic compliance checks against hundreds of regulations globally, even for novel and proprietary chemical collection running into millions of chemicals.
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