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IRSS IMPORTER EXPORTER LICENMSE FULL

Abide by all local, state, and federal regulations with imported goods.

Special permits and licenses are needed when importing goods subject to regulations by agencies like the FDA, EPA, DOT, and more.

Secure any needed authorization, certifications, or licensing for the import.

Ensure that imported goods have correct entry documents, including filing the US Customs and Border Protection form 7501: the Entry Summary.

Secure and provide payment for duties, fees, and taxes on imported goods.

Assessment of duties on imports based on the value and classification of imports.

With so many important tasks to be completed, it’s imperative to be aware of exactly what needs to be done.īelow are the responsibilities of an Importer of Record: The duties and responsibilities of an Importer of Record are numerous and critical. What Are the Responsibilities For Being the Importer of Record?

IRSS IMPORTER EXPORTER LICENMSE FULL

For more information, take a look at our blog What Are Incoterms? We take a deep dive into the topic so that you gain a full understanding of all relevant terms. There is a lot to know when it comes to Incoterms. Licensed Customs Brokers, along with freight forwarders handle numerous pieces of the supply chain when it comes to importing goods. Regardless of the situation, it’s worth noting that either individual or entity can hire a Licensed Customs Broker to act as the Importer of Record. Under other terms like DDP, DAP, and DPU the seller takes on this important task. For terms such as EXA, FCA, FAS, and FOB the buyer/consignee is responsible for all necessary import requirements. This individual or entity assumes legal responsibility for the imports and assumes temporary ownership of the imported goods.ĭepending on the Incoterms of the shipment, the Importer of Record will vary.

As noted above, the individual or entity that is responsible for ensuring import compliance is known as the Importer of Record.