Articles under Customs Terms
Posted on 07 January 2019
Union Customs Code(UCC) - Explain
Union Customs Code (UCC) is the customs code for the European Union. It was introduced across the European Union (EU) on 1 May 2016. It provides a comprehensive framework for customs rules and procedures in the EU customs territory adapted to modern trade realities and modern communication tools. The UCC also introduced a number of new concepts and modernises many existing procedures. There are a number of changes to how goods cross EU border
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Posted on 07 January 2019
What is Entry in Declarant’s Records (EIDR) under UCC
Entry in Declarant’s Records (EIDR) is a new facilitation introduced under the Union Customs Code(UCC). In European Union (EU), Entry in Declarant’s Records (EIDR) allows economic operators to release goods to a customs procedure without the need to provide a full customs declaration at the point of release using a simplified data set via an entry in their electronic commercial records. A supplement
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Posted on 20 February 2019
Caribbean Basin Initiative (CBI) beneficiary countries
The trade programs known collectively as the Caribbean Basin Initiative (CBI) remain a vital element in the United States’ economic relations with its neighbour’s in Central America and the Caribbean. The CBI is intended to facilitate the economic development and export diversification of the Caribbean Basin economies. The Caribbean Basin Economic Recovery Act of 1983 (CBERA), provides duty free entry of textile go
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Posted on 05 February 2019
What is Common External Tariff (CET) in customs
CET means the Common External Tariff and is an indistinguishable rate of tax forced on products imported from outside nations into Partner states. For Example, the European Common Market depends on the rule of a free inward exchange zone with a typical outside tax connected to items imported from non-part nations. Facilitated commerce territories don't really have regular outside taxes.
The selection of the basic outside tax (CET)
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Posted on 06 January 2019
Customs Regulations, 2018
Customs (Finalisation of Provisional Assessment) Regulations, 2018.
Notification No.73/2018-Customs(N.T.) dated 14 th August, 2018
G.S.R.—(E). – In exercise of the powers conferred by clause (d) of section 157 read with section 18 and clause (ii) of sub-section (2) of section 158 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following regulations, namely:
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Customs term Container Yard(CY)
What do you mean by the term Fraud, Customs?
What is customs union in customs
Explain cabotage in customs terms
Explain American Association of Port Authorities (AAPA)
What is term ASYCUDA in customs
Frequently Asked Question (FAQ) about deferred duty payment
Deferred Payment of Import Duty Rules, 2017
What is deferred duty payment?
What is Writ of Assistance in Customs
Directorate General of foreign Trade (DGFT)Means
Terms used in export custom clearance such as as UPS FTZ Facilitator, Voluntary Tender,Wharfage,Your Seller's Role as Exporter
Terms used in export custom clearance such as Shipper's Export Declaration,Shipping point,Stuffing Location,Tariff,Terms of Sale,Transportation Handling Fee
Terms used in export custom clearance such as Power Of Attorney,Port of Departure, Program Fees,Prohibited Goods, Representative Card
Terms used in export custom clearance such Main carriage, Manufacturer, Miscellaneous,Non-Commercial Use,Ocean Bill of Lading
Terms used in export custom clearance such as Harmonized Tariff Schedule,Hazardous Product Documents,Import License,Import Quota,Importer of Record
Terms used in export custom clearance such as fish and wildlife,free on board,free alongside ship,free on board,freight forwarder,global shipping program
Terms used in export custom clearance such as delivered ex ship,direct ship, disclaimers,drawback,duty,entry summary system, ex works
Terms used in export custom clearance such as Customized Brokerage Services, Customs Duties Set Off,Customs Clearance,Customs Invoice
Terms used in export custom clearance such as Air Waybill,Amendmen,Automated Clearinghouse,Bill of Lading ,Bond System