Import Clearance

Import Clearance

Import Clearance in International Trade

Meaning of Import Clearance, according to the Dictionary of International Trade (Global Negotiator): The act of complying with the import regulations of an importing country. Generally, governments require some sort of import declaration. Depending on the country and the product, additional supporting documentation such as origin certificates, consulate documentation and product relates health and safety certificates may also be required. Payment or agreement to pay any applicable import duty and taxes often accompanies customs clearance. Also called customs clearance.


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