Warehouse & Logistics Encyclopedia
Your comprehensive guide to warehouse, logistics, and supply chain terminology. Explore over 100+ industry terms with detailed explanations and practical insights.
Customs Clearance
The process of getting goods approved by customs authorities for import or export.
Definition
Customs clearance involves preparing and submitting documents, paying duties, and complying with regulations to move goods across borders.
Overview
Customs clearance is mandatory for international trade to ensure legal compliance and smooth shipment movement.
Role
The process of getting goods approved by customs authorities for import or export.
Focus
Customs clearance is mandatory for international trade to ensure legal compliance and smooth shipment movement.
Example
A shipment of textiles from India to Europe is cleared by customs after inspection and payment of applicable duties.
FAQs
Q: Can you give an example of Customs Clearance?
A: A shipment of textiles from India to Europe is cleared by customs after inspection and payment of applicable duties.