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A person or rm, licensed by the treasury department of their country when required, engaged in entering and clearing goods through Customs for a client (importer).



Related Terms

BONDED

  1. The storage of certain goods under charge of customs viz. customs seal until the import duties are paid or until the goods are taken out of the country. 2. Bonded warehouse (place where goods can be placed under bond). 3. Bonded store (place on a vessel where goods are placed behind seal until the time that the vessel leaves the port or country again). 4. Bonded goods (dutiable goods upon which duties have not been paid i.e. goods in transit or warehoused pending customs clearance).

DELIVERED DUTY UNPAID

DDU - a Term of Sale where the seller ful lls his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller has to bear the costs and risks involved in bringing the goods thereto (excluding duties, taxes and other official charges payable upon importation) as well as the costs and risks of carrying out customs formalities. The buyer has to pay any additional costs and to bear any risks caused by failure to clear the goods for in time.

SINGLE ADMINISTRATIVE DOCUMENT

(SAD) - a set of documents, replacing the various (national) forms for customs declaration within European Community, implemented on January 1st, 1988. The introduction of the SAD constitutes an intermediate stage in the abolition of all administrative documentation in intra European Community trade in goods between member states.

CONSULAR DECLARATION

A formal statement describing goods to be shipped; filed.with and approved by the consul of the country of destination prior to shipment.

HARMONIZED SYSTEM OF CODES (HS)

An international goods classification system for describing cargo in international trade under a single commoditycoding scheme. Developed under the auspices of the Customs Cooperations Council (CCC), an international Customs organization in Brussels, this code is a hierarchically structured product nomenclature containing approximately 5,000 headings and subheadings. It is organized into 99 chapters arranged in 22 sections. Sections encompass an industry (e.g., Section XI, Textiles and Textile Articles); chapters encompass the various materials and products of the industry (e.g., Chapter 50, Silk; Chapter 55, Manmade Staple Fibers; Chapter 57, Carpets). The basic code contains fourdigit headings and sixdigit subheadings. Many countries add digits for Customs tariff and statistical purposes. In the United States, duty rates will be the eightdigit level; statistical suf xes will be at the tendigit level. The Harmonized System (HS) is the current U.S. tariff schedule (TSUSA) for imports and is the basis for the tendigit Schedule B export code.

FOREIGN TRADE ZONE

Known in some countries as a free zone, a foreign trade zone (FTZ) is a site within the USA (in or near a U.S. Customs port of entry) where foreign and domestic goods are held until they ready to be released into international commerce. If the final product is imported into the U.S., duties and taxes are not due until the goods are release into the U.S. market. Merchandise may enter a FTZ without a formal Customs entry or the payment of Customs duties or government excise taxes. In the zone, goods may

DUTY FREE ZONE

An area where goods or cargo can be stored without paying import customs duties awaiting further transport or manufacturing.

HS

Harmonized System of Codes - an international goods classification system for describing cargo in international trade under a single commoditycoding scheme. Developed under the auspices of the Customs Cooperations Council (CCC), an international Customs organization in Brussels, this code is a hierarchically structured product nomenclature containing approximately 5,000 headings and subheadings. It is organized into 99 chapters arranged in 22 sections. Sections encompass an industry (e.g., Section XI, Textiles and Textile Articles); chapters encompass the various materials and products of the industry (e.g., Chapter 50, Silk; Chapter 55, Manmade Staple Fibers; Chapter 57, Carpets). The basic code contains fourdigit headings and sixdigit subheadings. Many countries add digits for Customs tariff and statistical purposes. In the United States, duty rates will be the eightdigit level; statistical suf xes will be at the tendigit level. The Harmonized System (HS) is the current U.S. tariff schedule (TSUSA) for imports and is the basis for the tendigit Schedule B export code.

CERTIFICATE OF FREE SALE

A certificate, required by some countries as evidence that the goods are normally sold on the open market and approved by the regulatory authorities in the country of origin.

IE

Stands for 'Immediate Exit.' In the U.S., Customs IE Form is used when goods are brought into the U.S. and are to be immediately reexported without being transported within the U.S.

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