GlobalPost Launches New HS Code Lookup Tool to Help Customers Avoid Customs Delays and Eliminate Overpayment of Taxes

Rhea-AI Summary

GlobalPost has launched a user-friendly HS code lookup tool to aid international shippers in classifying goods. This tool enables users to input product names, generating the appropriate HS codes to ensure smoother customs clearance and avoid excess duties. Free for up to five daily searches, SmartSaver customers can access up to 500 at no cost. Correct HS codes enhance shipping efficiency, minimize customs delays, and improve customer experience. GlobalPost's parent company, Stamps.com (NASDAQ: STMP), aims to streamline logistics for international shipments.

Positive

• Launch of the free HS code lookup tool enhances shipping efficiency.
• Improves customs clearance process and reduces potential delays.
• Customers can save on duties with accurate HS codes.

Negative

• None.

GlobalPost has announced the launch of their new, simple-to-use HS code lookup tool. HS Codes are part of a standardized international system developed by the World Customs Organization to help classify and categorize different types of goods using simple six-digit codes. These codes help products get through customs faster and help avoid possible overpayment of duties and taxes.

How does the GlobalPost HS code lookup tool work?

GlobalPost customers simply type in the product name and confirm characteristics. The tool will automatically generate the approved HS code for that product using the World Customs Organization schedule. The tool is free to use for up to 5 searches per day. For high-volume SmartSaver customers, GlobalPost will populate HS Codes for up to 500 products free of charge.

The Importance of HS Codes

1. Experience a faster, smoother customs clearance process: Incorrect or missing HS Codes can lead to potential delays in customs. Without an HS code attached to a product, shippers are at the mercy of customs officials to determine proper product classification before receiving customs clearance.
2. Avoid overpayment of duties and taxes: Without proper HS codes, products are at risk of being overtaxed by customs officials due to lack of understanding of the actual product being shipped. Correct HS Codes ensure consistency from market to market and fewer surprises.
3. Improve the end-customer experience: With HS codes, duty rate calculations are fast and easy. Shippers will be able to inform customers about duties and taxes upfront, resulting in a smoother, surprise-free shipping experience.

“Our goal is to help our international shippers get products to their customers with the least amount of friction possible,” said Ken McBride, Chairman and CEO of Stamps.com, the GlobalPost parent company. “HS codes help to eliminate delays with Customs, avoid unnecessary fees and taxes and get the package into the buyer's hands without delay. That’s the key to generating happy customers.”

GlobalPost customers can access the free HS code lookup tool by visiting https://www.goglobalpost.com/hs-code-lookup-tool/

GlobalPost Overview

The GlobalPost delivery network leverages partnerships with international postal operators as well as commercial carriers to offer worldwide delivery. GlobalPost services reach over 200 countries and territories and includes unique features not found in traditional international shipping service

About Stamps.com

Stamps.com (NASDAQ: STMP) is the leading provider of e-commerce shipping software solutions to customers including consumers, small businesses, e-commerce shippers, enterprises, and high volume shippers. Stamps.com offers solutions that help businesses run their shipping operations more smoothly and function more successfully under the brand names Stamps.com, Endicia®, ShipStation®, ShipEngine®, ShippingEasy®, ShipWorks®, GlobalPost and Metapack™. Stamps.com’s family of brands provides seamless access to mailing and shipping services through integrations with more than 500 unique partner applications.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210420005144/en/

FAQ

What is the GlobalPost HS code lookup tool?

The HS code lookup tool helps shippers classify goods by generating appropriate HS codes based on product names.

How many free searches can GlobalPost customers perform daily?

Customers can perform up to five free searches per day.

Who is the parent company of GlobalPost?

The parent company of GlobalPost is Stamps.com (NASDAQ: STMP).

What are the benefits of using HS codes with GlobalPost?

Using HS codes helps avoid customs delays and overpayment of duties.

How does the HS code lookup tool improve customer experience?

It allows shippers to inform customers about duties and taxes upfront, leading to a smoother shipping experience.