What is Customs clearance?

What is Customs clearance?

Byatuljain

Revenue Collection: Customs duties and taxes collected during the clearance process are a significant source of government revenue. These funds can be used to finance public services, infrastructure, and other government initiatives. Security and Regulation: Customs clearance is a vital component of national security. It helps governments track the movement of goods, prevent illegal activities,…

What is  Delivered Duty Paid (DDP)?

What is  Delivered Duty Paid (DDP)?

Byatuljain

Transparency: DDP terms offer clarity and transparency to both parties involved in the transaction. The buyer knows exactly what they will pay for the goods, including any applicable taxes and duties, without unexpected costs. Simplicity: Delivery duty paid simplifies the international shipping process for the buyer. They don’t need to be concerned about customs procedures…