Trade Regulations

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 and Excise
Customs and Excise refer to government agencies responsible for collecting taxes on goods imported into or exported out of the country, as well as enforcing regulations related to these activities.
Import Duty
Import duty is a type of tax levied by a government on goods brought into the country from abroad. It is aimed at regulating international trade, protecting domestic industries, and generating revenue for the government.
Trade Barrier
Trade barriers are governmental or operational activities or restrictions that make the importation of certain goods into a country difficult or impossible. Examples include tariffs, regulations, and inspections.

Accounting Terms Lexicon

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