What is the difference between re-exports and re-imports
Thursday, October 27, 2016     Category : Export

The information provided here is part of Guide on howtoexport and import 

 


What is the difference between re-exports and re-imports

 

The term re import and re export are used in international trade commonly. Let us distinction between re exports and re imports with simple example below.
In simple terms, let me describe about re exports. If you categories exports as foreign goods and domestic goods, the export of foreign goods is called re-exports. This is the simplest method of understanding about re-exports. If any goods imported from another country (it becomes foreign goods) and thereafter exporting back, such goods are fell under re exports. For example, a machinery has been imported in to a country for testing purpose and after necessary testing, the said machinery is sent back. Here, the process of sending back such machinery is called re-exports.
If you categories imports as foreign goods and domestic goods, the import of domestic goods is called re-import. This is the simplest method of understanding about re-import. If any goods of a country is exported to another country and thereafter importing back the same goods, such goods are fell under re imports. For example, a machinery has been exported to a country for testing purpose and after necessary testing, the said machinery is returning back to the country. Here, the process of returning back such machinery is called re-imports.
In many cases re-imports and re-exports happen as the exported goods are not satisfied with quality measures, goods exported not matching with the buyer’s requirements, goods exported for specific purpose like project, exhibition etc.

 

 

 

The above information is a part of Online export import training guide 


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Comments

 
Sandeep Kadam Says :
Wednesday, April 27, 2016
Please details about GR Waiver, Re import & export
 

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