Definitions

A type of customs duty calculated as a fixed percentage of the value of imported goods, rather than on the quantity, weight, or volume.

A written decision provided by customs authorities that offers binding clarification on tariff classification, origin, or customs valuation of goods before they are imported or exported.

A trade agreement established to create a single continental market for goods and services across Africa, promoting free movement of businesspersons and investments.

An additional duty imposed on imported goods that are priced below fair market value, with the intention of protecting domestic industries from unfair competition.

A method of resolving trade-related or contractual disputes outside the courts, where an impartial tribunal makes a binding decision.

An official communication issued by customs authorities indicating the amount of duty, tax, or charge payable on a particular import or export transaction.

An international customs document that permits the temporary importation of goods without paying duties and taxes, typically used for exhibitions, trade fairs, or professional equipment.

A party involved in the international movement of goods that has been approved by customs authorities as compliant with supply chain security standards, and therefore benefits from trade facilitation measures.

A legal document issued by a carrier to a shipper that details the type, quantity, and destination of goods being carried. It serves as a receipt and a contract of carriage.

A secure storage facility where imported goods can be stored without payment of duties until they are released for domestic consumption or re-exported.

The process of obtaining official authorization from customs authorities to move goods across international borders.

A document certifying the country in which goods were manufactured or produced, often required for preferential tariff treatment under trade agreements.

An international trade term indicating that the seller pays for the cost, insurance, and freight to bring goods to the port of destination.

A licensed professional who assists importers and exporters in meeting federal requirements governing imports and exports, including tariff classification and duty payment.