Direct Import
The process whereby an individual, or a company buys a product that is made in a foreign country. In stead of making the purchase and taking delivery in the U.S. the customer agrees to take title to the product in the foreign country where it is made, at a lower price than would have been paid had the purchase occurred in the U.S. The buyer is then responsible for arranging the shipment of the product to the U.S., any duty associated with the product and clearing the product through U.S. Customs upon arrival in the U.S.
Dutiable List
The list of Items in a country's tariff schedule on which it charges import duty.
Duty
A tax levied by a government on the import or export of goods. (Note: The U.S. Constitution forbids the levying of taxes by the U.S. on exports. However, most foreign governments do not have this restriction,)
Electronic Commerce
A system of integrated communications, data management, and security services that allow business applications within different organizations to automatically interchange information.
Electronic Data Interchange (EDI)
Electronic transmission of data and information according to particular protocols .
Electronic Funds Transfer
System of transferring funds from one account to another by electronic means. Also referred to as a “Wire Transfer”.
Entry
1.That documentation required to be filed with the appropriate customs officer to secure the release of imported merchandise from customs custody.
2. The act of filing that documentation.
Entry Documents
The documents required to complete customs entry to secure the release of imported merchandise.
ETA
The expected date and time of arrival of a carrier.
ETD
The expected date and time of departure of a carrier.
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