Magaya Corporation, the leading freight management platform for logistics service providers, has officially announced a range of new product features that are designed to help customs brokers and importers stay compliant against the constant evolution happening around trade regulations and tariffs.
This particular development provides an interesting follow-up to President Trump revealing a new baseline tariff applied to all countries, alongside higher rates targeting several countries and products from specific industries. In fact, the de minimis exemption, which previously enabled simplified filings and duty exemptions for shipments under $800 in value, has also been eliminated for nations like China and Hong Kong.
For better understanding, the latter bit is likely to impact several million shipments on a daily basis.
“The rapid pace of regulatory change has created real pressure for customs brokers and importers,” said Gary Nemmers, CEO of Magaya Corporation “However, with the right technology in place, those same challenges become opportunities to operate smarter, faster, and more efficiently. At Magaya, we’re giving our customers the tools they need to remain compliant and get ahead of the curve.”
Talk about how Magaya’s latest brainchild will play a role in addressing the given challenge, the answer begins from its promise to provide proactive regulatory updates. This involves keeping users updated with the latest tariffs and regulations, applied automatically in Magaya Customs Compliance.
Next up, we have built-in validation to prevent errors. Here, the company’s new assortment of features will aid things by timely alerting users whenever a filing contains any irregularities.
Another detail worth a mention is rooted in the facility dedicated towards providing one-click conversion of Air AMS into in-bond filing. We get to say so because the new solution can convert thousands of house bills into multiple In-Bond filings instantly, all for the purpose of saving time, reducing manual work, and preventing elevated storage fees.
Complementing that is a feature focused on conceiving automated conversion of entry type 86 into formal or informal entry. The stated conversion will be concerned with transforming thousands of house bills into multiple formal or informal entries automatically.
Such a mechanism, like you can guess, could prove useful for shipments that can no longer leverage de minimis exemptions.
Anyway, hold on, we still have a few bits left to unpack, considering we haven’t yet touched upon the bulk application of Section 301 & 232 tariffs. This relates to automatically applying Section 301 and 232 tariffs, including exclusions. The component can also come in handy for analyzing key factors like country of origin, arrival dates, General HTS codes, and USMCA qualifications, as well as for eliminating the need for operators to manually apply tariffs to each line item.
The overarching objective is saving time, and at the same time, ensuring accuracy to reduce the risk of compliance errors.
Rounding up highlights would be the availability of automated HTS ordering. You see, the solution effectively streamlines HTS code sequencing in filings per CBP regulations. By automating the sorting of HTS codes in line items with multiple duties or exclusions, it treads up a long distance to navigate time constraints, reduce manual work, and minimize filing errors.
“Change is nothing new in this industry, but the pace we’re seeing today is remarkable. For brokers and importers, that means more complexity and higher stakes. Our goal at Magaya is to simplify compliance with technology that not only keeps up, but turns disruption into a competitive advantage,” said Nemmers.
