An import licence. govt.nz

An import licence. govt.nz

ZIMSEC O Level Commerce Notes: Other documents in international trade

Import licence

  • An approval of goods to enter a country.
  • Issued by the importing country.
  • Enables the importer to obtain foreign currency to pay for the imports.

Customs specification and entry

  • Exporting country requires customs specifications.
  • Importing country requires customs entry.
  • Shows details of goods being traded.
  • Used to determine customs duty payable.
  • Source document for drawing up a balance sheet.

To access more topics go to the Commerce Notes page.

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