TradeNex.com sets up Tariff Finder Online for Malaysian shippers

A SUBSIDIARY of the Federation of Malaysian Manufacturers (FMM), Tradenex.com Sdn Bhd, an electronic supply chain management firm, has launched a web-based search portal for trade tariff codes, called Tariff Finder Online (TFO).

Based on Microsoft's .NET framework, the TFO allows users to search for the most up-to-date tariff information in accordance with the latest changes and rulings by the Royal Malaysian Customs (Kastam DiRaja Malaysia-KDRM).

Soon Koi Voon, chief executive officer of Tradenex.com, said the TFO system was specifically developed to address the "issues long faced by the trade and logistics communities," a company statement said.

"For a long time, importers, exporters, freight forwarders and shippers have had to deal with the tedious and often inaccurate method of manually researching for the exact trade tariffs of the goods and commodities they were dealing with, through cross referencing two to three books and from CD applications and data bases," he said.

"And even if they manage to pinpoint the right tariff rate, it doesn't guarantee that the calculated tariff is accepted by customs; nor it is easy to source a customs ruling to proof otherwise."

With Tradenex.com's TFO, all the tariff rates set by Malaysian customs, comprising more than 8,800 and 12,600 tariff items under the Harmonised Systems (HS) and Asean Harmonised Tariff nomenclature (AHTN) codes respectively, can now be accurately and instantly viewed.