Importing by Order Clause Samples
The 'Importing by Order' clause defines the process by which goods are imported specifically in response to individual purchase orders rather than as part of a general or bulk shipment. Under this clause, each import transaction is initiated only after a corresponding order is received, ensuring that shipments are tailored to actual demand and reducing the risk of overstocking. This approach provides flexibility and efficiency in inventory management, as it aligns import activities directly with customer requirements and helps avoid unnecessary storage costs or unsold inventory.
POPULAR SAMPLE Copied 1 times
Importing by Order. Imports by order are operations in which a legally constituted entity executes, by virtue of a signed contract, the applicable customs clearance procedures for goods acquired by that party abroad, for the purpose of resale to a pre-established ordering company. Transactions completed in whole or in part with resources of the ordering party are not considered imports by order. Registration of the Import Declaration (ID) requires prior authorization of the ordering party and importer and previous verification of their business relationship through the SISCOMEX.