Every country has their own tariff schedules. Tariff schedules are designed based on HS Codes. Although the first 6 digits of of the HS Code is standard globally, countries use additional digits to define sub categories of a commodity and implement their own international trade measures. It is the responsibility of the trader or their customs agent to declare correct and accurate HS Code, pay their customs duties and meet other trade compliance requirements in accordance with the country’s tariff schedule and relevant customs regimes. Because these additional HS Code digits vary and because item descriptions are not enough in some cases, it is required to have a “Ledger” for a trader to define duty types, their rates and other trade compliance measures per traded product. ªGSW’s Ledger component is designed to solve this particular problem and keeps a ledger for a trader either on PlatOff™ or on PlatOn™. Ledger™ automatically receives daily updates from Tariff™ component and flags if any change is required for a product. Once the change is approved by the trader or their customs agent the data is fixed and used for declarations, created and filed by Declarant™.