An Ensemble-based approach for assigning text to correct Harmonized system code

Abstract: Industries must follow government rules and regulations around the world to classify products when assessing duties and taxes for international shipment. Harmonized System (HS) is the most standardized numerical method of classifying traded products among industry classification systems. A hierarchical ensemble model comprising of Bert-transformer, NER, distance-based approaches, and knowledge-graphs have been developed to address scalability, coverage, ability to capture nuances, automation and auditing requirements when classifying unknown text-descriptions as per HS method.