Premium Essay

Import Procedure Guide

In:

Submitted By raghavendrak9
Words 8067
Pages 33
A Guide to Customs Import Procedures

Note: It should be noted that these guidelines are intended for general information purposes only and do not purport to be a legal document.

July 2013

CONTENTS

1.

Introduction ............................................................................................. 4 What is this Guide About? ........................................................................... 4 What does Importation mean? ..................................................................... 4 Why would I come into contact with Revenue? ........................................... 4 What goods are Prohibited or Restricted? ................................................... 4 Overview of Importing ............................................................................ 5 Pre-Arrival of the goods in the EU ............................................................... 5 Arrival of the goods in the EU ...................................................................... 5 Where can the goods be brought to?........................................................... 5 What places are approved? ......................................................................... 5 Goods arriving through another Member State ............................................ 5 What must I do when the goods arrive? ...................................................... 5 Can I use an agent to work on my behalf? .................................................. 6 How are Customs Duties set? ..................................................................... 6

2.

3. Declaring Goods for Customs purposes ................................................. 7 How do I declare my goods to Revenue? .................................................... 7 How do I make a declaration? ..................................................................... 7 What

Similar Documents

Premium Essay

Global Financing and Exchange Rate Mechanisms

...all these financial procedures. They are the financial analysis, financial planning, accounting, strategy planning, relationship with the investor, the treasury and the financial compliance. “An exchange rate is simply the rate at which on currency is converted into another” (Hill, 2009, p. 324). This assignment will define the tariff and non-tariff barriers, the impact in the operations of the global financing and the managing risks. Tariff and non-tariff barriers Tariff is a “tax levied on import (or exports)” (Hill, 2009, p. 6). There are different types of tariff. There are specific tariffs where the price never changes, is always the same. The revenue tariff who raise the money for the government The prohibitive tariff is the one that the price is so high that nobody imports or export with that type of tariff. The protective tariff price of the imports goods and keep their domestic industries save from the competition. The environmental tariff is like the protective tariff but is relate to the environmental. The last one is the retaliatory tariff, already have charges against the country. The non-tariff barriers (NTBs) is the one that will have restrictions for any imports. Some examples are packaging and labeling conditions, products standards, quotas (specific) for the product, licenses for import goods, and sanitation conditions. There are three categories of non-tariff barriers. The first category is the restrictions for imports goods that include...

Words: 1063 - Pages: 5

Premium Essay

Wrangles

...settled and financed; • Identify the types of customers engaged in international trade and their needs; • Explain the features and benefits of services provided by banks and other financial institutions in facilitating international trade; • Explain international payment systems and regulations that are in place and the procedures adopted. CONTENTS 1. Introduction to International Trade Finance • The meaning of international trade. • Major parties in international trade. • Reasons for international trade. • Advantages of international trade. • International trade barriers. • The role of banks and financial institutions in international trade. 2. The Foreign Exchange Market • The meaning of foreign exchange market. • Participants in the foreign exchange market. • Functions of foreign exchange market. • The mechanism of foreign exchange transfer. • Relationship between foreign exchange market and money market. • Systems and procedures for inter bank foreign exchange trading. 3. Exchange Rates • Definition of exchange rate. • Spot exchange rate. • Forward exchange rate. - Premium, Discount and Par. - Adjusting the spot rate. • Direct quotation and forward rates. •...

Words: 1327 - Pages: 6

Free Essay

Ansys Workbench Basic Manual

...Ansys Workbench Basics Guide Suhail Mahmud and Mohamad Wissam Ansys Workbench Basics Guide Suhail Mahmud Mostafa Mohamad Wissam Farhoud December - 2013 1 Ansys Workbench Basics Guide Suhail Mahmud and Mohamad Wissam Abstract With the emerging importance of CFD and finite element analyses, it is of great necessity that engineering students get a good base of knowledge on one of the most used software packages in the industry of simulation, ANSYS. This brief tutorial states a few simple examples of the main applications of the software package ANSYS and highlights some of the possible problems students may face during their journey in discovering this application. The flow of information is structured that the reader gets an understanding of how important ANSYS is, and how it works and what type of machines are needed for the student level research expected. Then the tutorial goes on with simple straight forward examples of structural and fluid physics simulated using the ANSYS package. Eventually, the tutorial addresses the most important problems generally faced by the students such as unsuccessful meshing, or divergent solutions. Disclaimer It is extremely important to note two points while following this tutorial: The knowledge contained in this paper is by no means, accepted as mainstream, or an industry best practice. It is merely the product of the experience of senior engineering students who explored the program and desired to share their experience...

Words: 8637 - Pages: 35

Premium Essay

Managemen

...JOSEPH P. FICTION 1234 Any Street, Any City, State 09876 123.987.4567 jpfiction@anyemail SUMMARY OF QUALIFICATIONS Skilled and dedicated executive offering an impressive 17-year leadership background in national and international markets with an exceptional understanding of international sales strategies and cross-cultural environments. Provide comprehensive direction and solutions. Fluent in French, German and Japanese. Areas of Expertise Sales Operations Management International Account Development OEM & Business Partner Relationships Market Research & Feasibility Studies Total Quality Management Procedures Staff Leadership & Team Development PROFESSIONAL EXPERIENCE Executive Vice President; National & International Sales ABC, Inc., Any City, State May 2005 – Present Guide corporate strategies for the development and implementation of infrastructures in sales, marketing, research & development, engineering, manufacturing, finance, and administration. Developed sales/marketing plan in support of investor management of a $10MM sales objective. Increased annual sales revenue by $5MM within 17 months by establishing OEM and international distribution channels. Maximized profits through efficient vendor negotiations and contracts, and the identification and reduction of gratuitous cost factors. Company is currently recognized as #1 in the Industry, from a previous 24th position. Vice President of Sales & Marketing DEF Corporation, Any City, State February 2003 – April 2005...

Words: 769 - Pages: 4

Free Essay

Removal of Asbestos Gaskets Project

...Table of Contents No. 1 2 3 4 5 6 7 Title Overview 1.1 Historical background 1.2 Definition 1.3 Asbestos specifications Health effect Procedure for the removal of asbestos gaskets 3.1 General information 3.2 Gasket Removal Equipment 3.3 Segregation of Work Area 3.4 Personal Protective Equipment (PPE) The benefits of removal asbestos gaskets Break even analysis Conclusion References Page 2 2 2 2 2 2 2 3 3 3 3 3 4 4 Removal of asbestos gaskets, as a matter of urgency, from a gas-fired boiler that is planned for replacement in 18 months as a complaint has been raised by the servicing contractor. The cost is assessed as about $8,000. 1. Overview 1.1 Historical Background Asbestos mining was totally stopped in Australia by 1983 while at many countries around the world, it is still mined in large quantities. In addition, mined asbestos just represented a small percentage of the asbestos used in Australia (around 5%) and the bulk was imported. The majority of asbestos (90%) used throughout the world, including Australia, was white asbestos. Australia banned the use or import of blue and brown asbestos or asbestos products in the mid-1980s, and banned all manufacture or import of white asbestos products in December 2003. 1.2 Definition Asbestos is the name given to a group of naturally occurring minerals found in rock formations (HIBBS & ASSOCIATES PTY LTD 2012). 1.3 Asbestos specifications Asbestos fibres are heat...

Words: 879 - Pages: 4

Premium Essay

Economics - the World Economy

...Economics 2: The World Economy Unit Student Guide Scottish Qualifications Authority Contents 1 2 Introduction to the Scottish Qualifications Authority Introduction to the Unit 2.1 2.2 2.3 2.4 2.5 2.6 3 What is the Purpose of this Unit? What are the Outcomes of this Unit? What do I Need to be Able to do in Order to Achieve this Unit? Approximate Study Time for This Unit Equipment/Material Required for this Unit Symbols Used in this Unit 1 2 2 2 2 3 3 4 5 5 6 7 7 11 18 24 31 37 41 51 60 68 75 DE3H 35 Assessment Information for this Unit 3.1 What Do I Have to Do to Achieve This Unit? 4 5 Suggested Lesson Plan Learning Material 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10 5.11 Setting the Scene Outcome 1 - Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Outcome 2 - Section 1 Section 2 Section 3 Section 4 © Scottish Qualifications Authority 2004 Economics 2: The World Economy Unit Student Guide Scottish Qualifications Authority 5.12 5.13 5.14 5.15 5.16 5.17 5.18 6 7 8 9 Section 5 Section 6 Outcome 3 - Section 1 Section 2 Section 3 Section 4 Section 5 85 92 99 104 108 112 115 119 121 135 135 Additional Reading Material Solutions to Self Assessed Questions and Activities Copyright References Acknowledgements © Scottish Qualifications Authority 2004 DE3H 35 Economics 2: The World Economy Unit Student Guide Scottish Qualifications Authority 1 Introduction to the Scottish Qualifications Authority This Unit DE3H 35 Economics...

Words: 28608 - Pages: 115

Free Essay

Tax Laws India

...com/articles/unprofessional-servicetaxrules-for-certain-professionals-7363.asp] , CA. Mohan Rajat "GST recent developments" [http://www.caclubindia.com/articles/gst-recent-developments-5308.asp] , Singh Kumar Dheeraj "Historical Background of VAT" [http://www.caclubindia.com/articles/historical-background-of-vat-1716.asp] , By Mahony,Megan , Journal of State Taxation. Nov/Dec 2012 Vol 31 Issue , P 15-18 4P- An recent activity related to sales Tax , By Piquado ,Paul , Federal register 10/22/2012, Vol 77 Issue 204 P 64468-64471- Circular welded carbon - Quality steel pipe from India :final affirmative countervailing duty determination , Journal of Financial service professionals Nov 2012 , Vol 66 Issue 6 P8-10, 3 P , Title Indirect Taxation Students guide on indirect taxes Author Balachandam,V Bangar,Yogendra & Bangar Vandana Edition 11th 1st Year 2012 2012 Publisher Name SULTAN CHAND & SONS ABS...

Words: 3216 - Pages: 13

Premium Essay

Doing Business in Japan

...Doing Business in Japan The U.S. Commercial Service provides guidance on doing business in Japan and offers valuable assistance to help U.S. businesses exporting to Japan. Why doing business in Japan? As the world’s fourth-largest buyer of American products, Japan is a market that American companies should not overlook, but approach with a thoughtful strategy. Japan is a technology powerhouse, a “proving ground” for consumer requirements, and stands in the vanguard with respect to the sweeping changes recently seen in developed market demographics. Most U.S. state economic development agencies are also well aware of the important foreign direct investment coming into their communities from Japan. While the reasons U.S. firms engage with Japan are diverse, savvy firms recognize that underestimating the strategic and tactical importance of the Japanese market may disadvantage them not only in Japan, but in the United States and third-country markets as well. Japan is back in the business news headlines in 2013, owing in part to a rising stock market, a sharply lower yen, and stirrings of domestic demand for both personal consumption and capital investment. The new economic policy linked to these developments is known as “Abenomics”-- a three pronged strategy of bold monetary loosening, fiscal stimulus centered on infrastructure spending, and growth-oriented structural reform. While the implications and ultimate success of this strategy in reigniting growth in Japan are far...

Words: 8200 - Pages: 33

Premium Essay

Student

...central body for the assessment and collection of specified tax revenue, to administer and enforce laws relating to such Revenue and to account for all revenue to which those laws apply. URA’s Vision: To be model for best practice and Innovation in revenue services. URA Mission Statement: To provide excellent revenue services with purpose and passion. URA Core Values: Excellence, Integrity, Teamwork and Respect. STRUCTURE OF THE UGANDAN TAX SYSTEM Executive • President assents to Parliament’s bills Parliament • • Enacts Laws that guides URA Approves policy Ministry of Finance, Planning and Economic Development • • • Represents the Executive arm administration Drafts government Tax policies. Funds operations of URA in Tax URA Board Administration • Advises the Minister on Revenue Implications, tax administration and aspects of policy changes relating to all the Taxes. ; Customs; • Import duty • VAT on Imports • WHT on Imports • Trade regulations Domestic Taxes; • VAT • Income tax • Rental tax • Excise duty • Gaming Tax. CONTRIBUTION OF TAX REVENUE TO...

Words: 1260 - Pages: 6

Premium Essay

International Marketing

...International Marketing (BX770007) Assignment 1 Jason Products International Market Expansion Proposal Submitted by – Shazma Farooqui Student ID - 10000 Word Count - 2000 Executive Summary The proposal is for Jason products which is a family owned business, the company deals in high quality dining accessories and table protection solutions. The company products are innovative, beautiful, & practical to use, in the last 5 decades the company has grown to become one of the world leader in cork backed placemat manufacture and design. The company is headquartered and based in Auckland with subsidiaries in UK, USA & Australia. (www.jason.co.nz, 2013) This proposal is for exporting the company products to four new countries along with detailed explanation that why these potential markets will be beneficial for the organization to start exporting company products, the proposal will cover the economic, financial & cultural factors prevailing in the countries being recommended in this report. The environment, competition and the market trends in domestic & international market & the developments have a direct impact on success. It is imperative to have a better understanding of the prevailing market scenario, which will help us to plan well and take good decisions. Target Countries for Expansion * Japan * Canada ...

Words: 2717 - Pages: 11

Free Essay

Test123

...Infor ERP LN Development Tools 8.6 Developer's Guide © Copyright 2009 Infor All rights reserved. The word and design marks set forth herein are trademarks and/or registered trademarks of Infor and/or its affiliates and subsidiaries. All rights reserved. All other trademarks listed herein are the property of their respective owners. Important Notices The material contained in this publication (including any supplementary information) constitutes and contains confidential and proprietary information of Infor. By gaining access to the attached, you acknowledge and agree that the material (including any modification, translation or adaptation of the material) and all copyright, trade secrets and all other right, title and interest therein, are the sole property of Infor and that you shall not gain right, title or interest in the material (including any modification, translation or adaptation of the material) by virtue of your review thereof other than the non-exclusive right to use the material solely in connection with and the furtherance of your license and use of software made available to your company from Infor pursuant to a separate agreement (“Purpose”). In addition, by accessing the enclosed material, you acknowledge and agree that you are required to maintain such material in strict confidence and that your use of such material is limited to the Purpose described above. Although Infor has taken due care to ensure that the material included in this publication...

Words: 52557 - Pages: 211

Premium Essay

Home Depot

...that markets and delivers 40,000 different building materials, lawn and garden products, home improvement supplies, appliances, and more than 250,000 other products that can be especially ordered (The Home Depot U.S.A., Inc., 2003-2006). It has been noted that “The Home Depot has convenient locations throughout the United States. Stores average 105,000 square feet with approximately 23,000 additional square feet of outside garden area” (The Home Depot U.S.A., Inc., 2003-2006, Our Company, Stores and Product section). A possible solution for addressing and fulfilling the organization’s expectations is to examine policies and procedure requirements for an additional customer service. Home retail improvement products and services in the future will gain efficiencies from departments such as services that are policy written and business procedures through development of more new products demanding customizations from business partners to fit in within the company structure both in a domestic and global arena. Home Depot offers deepening commitment to develop every resource to create an effective competitive advantage and manage logistics within the supply chain. A solid foundation within the brand of home improvement establishes the expectations influence and creates effects on procurement strategies, policies...

Words: 2032 - Pages: 9

Premium Essay

Obia Installation

...Oracle® Business Intelligence Applications Installation Guide for Informatica PowerCenter Users Release 7.9.6.4 E35271-01 November 2012 Provides the steps to install and set up Oracle Business Intelligence Applications Release 7.9.6.4. Oracle Business Intelligence Applications Installation Guide for Informatica PowerCenter Users, Release 7.9.6.4 E35271-01 Copyright © 2009, 2012, Oracle and/or its affiliates. All rights reserved. Primary Author: P Brownbridge This software and related documentation are provided under a license agreement containing restrictions on use and disclosure and are protected by intellectual property laws. Except as expressly permitted in your license agreement or allowed by law, you may not use, copy, reproduce, translate, broadcast, modify, license, transmit, distribute, exhibit, perform, publish, or display any part, in any form, or by any means. Reverse engineering, disassembly, or decompilation of this software, unless required by law for interoperability, is prohibited. The information contained herein is subject to change without notice and is not warranted to be error-free. If you find any errors, please report them to us in writing. If this is software or related documentation that is delivered to the U.S. Government or anyone licensing it on behalf of the U.S. Government, the following notice is applicable: U.S. GOVERNMENT END USERS: Oracle programs, including any operating system, integrated software, any programs installed...

Words: 60905 - Pages: 244

Premium Essay

Account User

...this proposal, OMB Number 1140–0060, because I do not believe that any non-citizen should be allowed to purchase and or maintain a firearm while in the United States. If there is, or they feel there is a sufficient threat to themselves, they may contact the police department or simply return to their country of origin. A change to the current regulation will not only affect me, but every single citizen in the USA and business owner alike. We cannot allow non-citizens to purchase and maintain firearms, it is a right that the citizen enjoys and should not be extended to non- citizens. The proposed change discusses nonimmigrant alien information being used to determine if a nonimmigrant alien is eligible to purchase, obtain, possess, or import a firearm. Additionally, nonimmigrant aliens then must maintain the documents while in possession of firearms or ammunition in the United States for verification purposes. The public comment that I would submit for this proposal is, “That I strongly disagree with allowing non-immigrant aliens the ability to acquire firearms while sojourning in the USA. There is no reason that a person who is not a citizen of this country need be allowed to purchase or own a firearm, especially since that person is likely not going to reside in the country for an extended period of time, and likely will not become a citizen. We cannot allow the rights of our citizens to be applied broadly to any individual who enters this country, especially when they have...

Words: 805 - Pages: 4

Premium Essay

Minitab Tutorial

...STAT582 HW7 Review of Two Statistical Software Packages – Minitab and SPSS Yan Sun As a statistician, have you ever got stuck in front of your computer, trying to figure out the correct syntax of a command to type into the little programming window, and just could not get it right? At that moment, I am sure you would wish there was some magic easy button that you could just click and then things would work the way they should. Well, magic does not happen everyday. However, some better choices can make life easier. Instead of using programmed command lines, some statistical software make their usage much easier by using a menu-driven interface. This kind of software are like well-organized control panels. Each of the things you need to do is controlled by a button somewhere on the panel. Once you get familiar with the layout of the panel, the actual work should be quite an enjoyable process. Several good menu-interface statistical software are available. Among them, Minitab and SPSS are the most widely used ones. This report serves as an introduction to these two software packages. For each of them, the software’s specialties, advantages, and suitability will be discussed. Some important functionalities, their implementations, and programming in the two software will be introduced. This report also includes ‘helpful resources’, which I personally found very helpful in learning and using the two software. 1. Minitab History Minitab was...

Words: 3780 - Pages: 16