Customs
猶予制度
A customs arrangement permitting the suspension of duties, taxes, or trade policy measures while goods are under specific procedures such as transit, inward processing, or temporary storage.
Quick answer: A customs arrangement permitting the suspension of duties, taxes, or trade policy measures while goods are under specific procedures such as transit, inward processing, or temporary storage.
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Definition
A customs arrangement permitting the suspension of duties, taxes, or trade policy measures while goods are under specific procedures such as transit, inward processing, or temporary storage.
Operational example
The imported goods were placed under a suspensive regime, deferring payment of duties until they were released for free circulation.
Localized example
輸入品は猶予制度のもとで関税支払いが自由流通まで延期されました。
Definition language
English reference definition
Source
Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
Exam relevance
- FIATA Diploma
- CILT Certification
- IATA DGR
Target audience
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers