Unit 3. Duty function of international commerce

What is the basic documentation for international commerce operations_

• Vehicle insurance, packing list, invoice

• Invoice, packing list, certifications

• Vehicle insurance, packing list, certifications

Define DUTY

• It is the economic instrument used to apply duty rights for imports or exports

• It is a tax that import countries apply

• It is a tax that export countries apply

What is the purpose of TARIC

• To know statistical data about every import and export operation

• To facilitate free circulation inside the UE

• To equal taxes and frights of imports and exports

Every transportation contract that the tranport company has formalized with its customers

A territory that is duty and tax exempt from import

What is a packing list?

• Content list

• Export companies list

• Import companies list

What is the purpose of a forwarder?

• Duty agent

• Transport agent

• Transit company

A duty agent is:

• A natural person

• A juridical and natural person

• A juridical, natural and moral person

What is THC

What is the goal of a certification?

• To prove freight destination and origin

• To prove that freight is in good conditions and working propertly

• To prove the freight has paid all duties and taxes