Duties

Customs Court
A specialized federal court tasked with reviewing decisions made by customs collectors, which frequently involves determining the proper tariff classifications and duties for imported goods.
Port of Entry
A port of entry is a location, such as a seaport, airport, or land border entry point, where authorities may inspect incoming shipments and assess customs duties as applicable.
Standard of Care
A Standard of Care outlines the level of competence, diligence, and adherence to best practices that are expected of a professional in their field. It is a crucial component ensuring accountability and quality in professional services.

Accounting Terms Lexicon

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