iCustoms has introduced its artificial intelligence (AI) and machine learning (ML) customs software solution for businesses to comply with Import Control System 2 (ICS2) and ensure ease of cross-border trade.
As of the first March 1, 2023, all economic operators based outside of the EU that move goods to or via the European Union (EU) by air will be required to comply with ICS2. Economic operators (EOs) must submit entry summary declarations to ICS2 with safety and security data (ENS). On March 1, 2024, this will be expanded to include trade via sea, road and rail transportation. In addition to pre-loading filing requirements, all goods transported by air in the postal, express and general cargo consignments will be subject to full pre-arrival ENS data requirements.
The iCustoms ICS2 platform has been designed to simplify and speed up international trade by automating the ICS2 compliance processes with its secure AI-based solutions. The ICS2 platform uses deep learning and AI to find HS6 commodity codes and the commodity name of the products with increased accuracy. This is expected to avoid delays to the end consumers due to a mismatch between product descriptions and HS codes.
The platform has also been designed to be easy to set up and manage, as it does not require any prior tech knowledge to use. iCustoms’ ICS2 platform will be able to: find HS6 codes of any product; calculate taxes and duties; identify controlled and restricted goods; find quarantine requirements; find license and permit requirements; and integrates with various platforms.
Adnan Zaheer, CEO of iCustoms, said, “We are striving to facilitate cross-border clearance for swift trade. The aim of iCustoms ICS2 platform is to simplify the interchange of information between economic operators and EU customs authorities. We are revolutionizing the customs software industry and using advanced technologies to meet all necessary customs requirements. ICS2 compliance is now easy and cross-border trade is fast with iCustoms’ revolutionary platform.”