Customs

Starting new firms and foreign trade experts and business experts were asked questions culled from the prospective of Foreign Trade Data Bank, part of the customs and customs procedures. The purpose of the Customs and Foreign Trade Consultancy Services to reduce the problems encountered at customs, to benefit from cost cutting and time saving techniques, new customs, relations with companies, customs brokers regulation, the European Union legislation solve the problems encountered in the practice of customs matters and counseling support.

Technical capabilities, presenting a combination of our focus as a result of our experience and industry customers to effectively plan for the import and export operations and customs can help them find effective solutions to the problems. Within PricewaterhouseCoopers in the European and international companies worldwide through its network of tax information quickly and effectively, "Foreign Trade Customs" We offer consulting services. Our goal is to help on problems encountered during the import and export transactions, was to help find a quick and effective solutions.

Are there different types of quotas?

Yes, there are quantitative quotas and tariff- rate quotas.

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Is U.S. Customs the only U.S. government agency that gets involved in the administration of U.S. imports?

No, other U.S. government agencies that are involved in U.S. import administration include:

(1) Department of Agriculture which is tasked with keeping insect and other pests out of the U.S. to the greatest extent possible;
(2) Department of Commerce which collects statistical information about import shipments and compiles trade statistics;

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What does the term "Customs Territory"mean?

Customs Territory is the territory in which the Customs law of a country applies in full. As a rule, the Customs territory of a country corresponds to its national territory including land, sea and air space. However, certain portions of the national territory may be excluded, e.g. free zones or the waters between the coastline and the country's territorial boundary at sea.

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What happens if an import shipment arrives in the U.S. and the quota for the product in the shipment has already been filled?

The product cannot be admitted into the U.S. and the importer has the option of exporting the product, destroying the product or entering the product into a foreign trade zone or a bonded warehouse until the beginning of the next quota period.

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What is a bonded warehouse?

A bonded warehouse is a warehouse that carries a special Customs bond and that is used to legally defer duty payment. There are specific types or "classes" of warehouses, and what can be done to the goods while in the warehouse is limited by the "class". Included among bonded warehouse classes are:

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What is a Customs broker and what functions does a Custom broker perform?

A Customs broker is a person licensed by the Customs Service to transact Customs business on behalf of an importer for a fee. A Customs Broker can:

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What is a foreign trade zone?

A Foreign Trade Zone is an area in the United States that is not considered "in the U.S. Customs Territory" for certain legal purposes. Duty is not paid when goods are put into a Foreign Trade Zone, but rather when they are taken out and "entered for consumption" in the United States.

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What is a free zone?

A free zone is a part of the territory of a country where any goods introduced are generally regarded, insofar as import duties and taxes are concerned, as being outside the Customs Territory and are not subject to the usual Customs control.

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