Terminology of export and import-Part.3

Tariff Book

contains all the tariffs and other customs rules related to import (detailed for each product) applied by a country on its import. 

Quotas

The legal limit of imported goods with low tariff was negotiated in a trade agreement

Export quota

Is the rationing of quantities of goods permitted for export, the government is resorting to this procedure either for the purpose of supporting the control in order to avoid prices rising in the local market, or to take control of the goods for defensive purposes

Certificate of Analysis
a certificate requested for materials that need to be analyzed to determine the proportion of components and if it was valid or not like food and drinks, or if it was identical to the specifications & quality standards or not. The certificate must be issued by the specialized bodies such as laboratory.

Clearance Papers
Securities is given by the customs authorities at the port to the ship's captain to indicate that the ship has fulfilled its obligations and have the right to leave the port.

Customs declaration

Passage of goods imported or exported at checkpoints or customs clearance should be provided with permits to facilitate their passage, and customs declarations, several models commensurate with the duties specified.

Import License

Is a license or permit issued to the importer by a competent governmental authority that allows him to bring limited amounts of goods or specific goods, which cannot be imported unless such license.

It is a governmental tool to control movement of trade across national borders

And a mechanism to ensure that trade policies and its implementation are respected

Export License

A Governmental document that allows the exporter to export certain goods to another country.

Harmonized System (HS)
International classification system classifies goods traded internationally under unified symbol of commodity, where the materials are placed in groups according to the nature of the materials.

Note: Harmonized system founded due to several names of goods in each country and this surely affect tariff, therefore the harmonized system constructed to unify all of these names under one code (HS code) to be recognized globally for all countries and make import easier.

Rules of Origin

A set of rules contained in the commercial agreements to facilitate the identification of country of origin, where the advantage of determining the country of origin to obtain preferential tariff exemptions provided for the importer if it was mentioned in the free trade agreements

Customs Bond

is a pledge submitted by importers, owners of warehouses, transport companies and persons who import and handle goods subject to customs duties and the purpose of this pledge to protect Government rights during the existence of these goods in the warehouse or during the handling and customs clearance.

Custom Broker

A person who has a license to clear goods and do all transactions related to imported or exported goods in customs by arranging official transactions for goods imported and customs clearance papers, also preparing papers of exported goods to be submitted to the customs authorities, as well as documents required by the government authorities in foreign countries.

Customs Clearance
Are the transactions and formalities, which include payment of fees and highlight the documents required for customs clearance of goods imported after it’s enter customs checkpoint in the airport, or seaport