Glossary Import Declaration

Import declaration refers to the administrative procedure of legally bringing in foreign goods that have arrived according to proper procedures. The Import Declaration provides information about the goods being imported, such as the description, quantity, value, country of origin, and intended use. The Import Declaration is an important document that enables customs authorities to determine the appropriate tariff, taxes, and regulations that apply to the goods being imported. It also helps customs officials to identify any prohibited or restricted goods that require special permits or licenses. The Import Declaration is usually submitted by the importer or their authorized agent. In some countries, electronic submission of the Import Declaration is mandatory, while in others it can be submitted in paper form. Failure to provide accurate and complete information on the Import Declaration can result in delays, fines, or even seizure of the goods.