Patent ID: 7596500

Claim:
A method for processing an import/export transaction over a computer network using a server comprising a tariff assignment application and a product database comprising: receiving, by the server, product information from a first terminal and storing the product information in the product database wherein the product information comprises product IDs, tariff classification, and duty rate information corresponding to each product ID; receiving, by the server, an invoice from a second terminal wherein the invoice comprises an invoice detail section that includes: a product ID corresponding to a product, and a unit of quantity of the product; matching, by the server, the product ID from the invoice detail section with a product ID from the product database and identifying a corresponding tariff classification from the matched product ID; generating, by the tariff assignment application, an import/export declaration report using the tariff classification, unit of quantity, and duty rate information from the matched product ID, and a master report using the generated import/export declaration report; and transmitting the invoice and the master report from the server to a customs broker/freight forwarder computer.