Clearance

Clearance

Summary of Clearance

The completion of customs formalities including, but not limited to, the physical examination of imported merchandise, and the submission of documents necessary to permit the release of merchandise from customs control to the importer.

(Main Author: William J. Miller)

Clearance in International Trade

Meaning of Clearance, according to the Dictionary of International Trade (Global Negotiator): The complementation of customs entry formalities resulting in the release of goods from customs custody to the importer.


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