Trade Compliance

Bill of Entry
A bill of entry is a legal document submitted by the importer or exporter to customs, detailing the nature, quantity, and value of goods being imported or exported.
Customs
An authoritative agency dedicated to regulating the import and export of goods, ensuring compliance with laws, and collecting duties and taxes on imports.
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.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.