Reyansh Goswami

Customs refers to the official department that administers and collects duties levied by a government on imported goods. Exports from the U.S. are monitored by U.S. Customs and Border Protection (CBP). The customs agency of the country of import is responsible for enforcement of import laws and the collection of duties and taxes.

Under the International Traffic in Arms Regulations (ITAR), the USML is a list of products, technologies and services deemed space- or defense-related. The Directorate of Defense Trade Controls (DDTC) is the organization within the U.S. Department of State that is tasked with enforcing the ITAR. Any product, technology or service listed in the USML requires an export license to export, though license exceptions may be available in certain circumstances.

It is an initiative that allows a business to pay GST when they next lodge an Business activity statement (BAS) with the Australian tax office (ATO) rather than each time they import goods or receive them from a licensed warehouse.

In order to participate businesses are required to:

• Be registered with an Australian Business Number (ABN)
• Be registered for GST
• Lodge and pay their BAS monthly online
• Correspond with Customs and Border Security services online
• Be free of any debt or outstanding returns to the ATO

Container detention is used to prevent the late return of containers. These are charges applied by the shipping lines if the containers are not returned to the designated location within the ‘free time’ period (7 to 10 calendar days, including weekends and holidays).

No. Only bodies authorized by DGFT (The Directorate General of Foreign Trade), Union Ministry of Commerce and Industry can issue Certificate of Origin