Import Credit
A commercial letter of credit issued for the purpose of financing the importation of goods.
Import Duty
Customs duty which is collected on in connection with the importation of specified goods into the United States..
Import License
An import license (or import permit) is an authorization by a competent authority for the importation of licensed goods which are subject to restriction in terms of who can manufacture and import these goods into the United States. Also referred to as a “Copyright Release”..
Import Quota
A protective device establishing limits on the quantity of a particular product that may be imported into a country
Import Restrictions
Any one of a series of tariff and non-tariff barriers imposed by an importing nation to control the volume of goods coming into the country from other countries.
Importer
The individual, firm or legal entity that brings goods, or causes goods to be brought from a foreign country into a customs territory.
Importer Number
(USA) An identification number assigned by the U.S. Customs Service to each importer to track entries and other transactions. In most cases the Taxpayer's Identification Number assigned by the Internal Revenue Service is the number also used by Customs.
Importer of Record
The person or company who as a result of supporting documentation and paperwork associated with product imported into the U.S. shows legal title and ownership to that product.
Imports
Goods brought into a customs territory.
Incoterms
An abbreviation of "International Commercial Terms" published by the International Chamber of Commerce. It is a set of rules for the interpretation of the most commonly used trade terms in foreign trade which parties to a contract can agree upon to avoid misunderstandings, disputes and litigation
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