Import Declaration
A document filed with customs authorities that provides detailed information about imported goods.
Definition
A document filed with customs authorities that provides detailed information about imported goods. Import declarations include product descriptions values and origin details and are required to calculate import duties and taxes
Related Terms
IATA (International Air Transport Association)
A global trade association for airlines that sets industry standards for air transportation.
IBC (Intermediate Bulk Container)
A durable reusable container designed to transport or store bulk liquids chemicals or powders.
Import Duty
A tax imposed on goods imported into a country.
Importer Security Filing (ISF)
The Importer Security Filing (ISF) commonly referred to as \10+2\" is a mandatory filing required by U.S. Customs and Border Protection (CBP) for shipments entering the United States by ocean freight."
In-Bond Shipment
A type of shipment that moves under customs bond before the import duties and taxes are paid.
Incoterms (International Commercial Terms)
A standardized set of trade terms published by the International Chamber of Commerce (ICC) that define the responsibilities of buyers and sellers in international trade.
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