DUTY MATRIX

The Duty Matrix provides a comprehensive overview of duty rates and classifications for various product categories. This matrix is essential for calculating landed costs, ensuring compliance, and optimizing procurement strategies within Source Buddy.

To access the Duty Matrix:

  1. Navigate to Master Data in the sidebar.
  2. Click on Duty Matrix.

Actions

The following actions are available in the header:

Duty Matrix Actions

Edit

Edit (Pencil Icon): Allows to modify the duty matrix entries.
Access Restriction: Only Managers have permission to edit the Duty Matrix.

  • Home (House Icon): Redirects you to the main dashboard.

Column Descriptions

Duty Matrix Table

  • Category: The classification of the product, grouping similar items for duty calculation.
  • HSN Code: The Harmonized System Nomenclature code, a globally recognized product classification system.
  • Basic duty: The fundamental customs duty rate applied to the product.
  • sws: The Social Welfare Surcharge, an additional charge levied on customs duty.
  • IGST: The Integrated Goods and Services Tax applicable on imports.
  • Total effective Duty: The cumulative duty rate after considering Basic Duty, SWS, and IGST.