Importers’ entries of goods
When a ship arrives in port, details of the goods on board must be entered on a special form by the importers involved, who then pay the appropriate duty. The form is sent to the Customs and Excise office and compared to the master’s report, after which the goods may have to be examined. If the form is cleared it serves as a warrant allowing the goods out of Customs charge or to a bonded warehouse for duty-free storage.
Reference: The Penguin Business Dictionary , 3rd edt.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >