Navigate Customs. Unlock Global Trade.
Your trusted partner in seamless Customs and trade compliance.
Palmyra: Simplifying International Trade and Supply Chain Compliance
In today’s global economy, efficient and compliant international trade is critical for businesses to succeed. Yet, navigating the complexities of Harmonized System (HS) classification, customs regulations, and general supply chain optimisation can be challenging and time-consuming. That’s where Palmyra comes in.
How Palmyra Supports Your Trade Operations
Accurate HS Classification: Avoid fines, delays, and compliance risks with our AI tool that provides precise HS code suggestions tailored to your product descriptions and trade requirements.
Customs Compliance Simplified: Stay up-to-date with evolving regulations through automated updates and seamless integration into your existing workflows. Reduce manual effort and errors while maintaining compliance.
Cost Optimization: Save on duties through tariff suspension recommendations and insights into free trade agreements. Our platform identifies opportunities to minimize costs without risking compliance.
Streamlined Processes: Save time with automated classification, real-time audits, and actionable insights—giving your team more capacity to focus on growth.
Numbers that Matter
99% Accuracy in HS code navigation
Minimizing Customs inquiries and ensuring smooth customs clearance.
83% Less Time spent on manual classification.
Our platform is a one-stop-shop for all Customs-matters.
Global Outreach
Supporting over 30 Countries and territories with the latest trade data.
Frequently asked questions
Here are some common questions about our services.
HS (Harmonized System) classification is an internationally standardized system of codes used to classify traded products. Customs authorities utilize these codes to apply tariffs, taxes, and regulations
Accurate HS classification ensures compliance with customs regulations, helps avoid border delays, and prevents costly penalties or fines from incorrect classifications. It also determines the applicable duties and taxes for products.
We provide AI-driven Customs Compliance-related services, ensuring accurate classification of products based on their descriptions and characteristics. The solution helps maintaining compliance with international trade regulations and is a one-stop-shop for all Customs-related matters.
The AI tool uses machine learning and natural language processing to analyze product descriptions and helps to assign the appropriate HS codes. The system is designed to continuously learn and improve its accuracy.
A customs audit is a review conducted by customs authorities to verify that a company complies with import/export regulations, including proper HS classification, valuation, and documentation. We provide a comprehensive customs audit support, including compliance checks, document preparation, and representation during the audit process.
Importers, exporters, freight forwarders, customs brokers, and other businesses engaged in international trade.
While the AI-based tool is highly accurate, continuously updated to reflect the latest customs regulations and data, it still requires some human inputs and verifications. Helping companies to insure Compliance is our true mission and we don't split the difference!
Yes, a full range of customs compliance services is available, including document preparation, duty calculation, origin verification, and audit preparation. These services help ensure complete compliance with international trade regulations.
Incorrect HS classification can lead to underpayment or overpayment of duties, customs delays, fines, penalties, and even seizure of goods.
Yes, the HS classification tool is equipped to handle multiple jurisdictions, ensuring compliance with the specific rules and regulations of different countries.
To get started, reach out through the website or request a demo of the AI classification tool. The team will assist in providing a tailored solution based on specific business needs.