Import licence

Updated: Aug 20, 2021

A document which gives the importer authority to import the commodity to which the licence applies. It is a device to enable the government to regulate and supervise the flow of imports; for instance, under its import quota regulations.

Reference: The Penguin Dictionary of Economics, 3rd edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.