Simplified Customs Procedure Sample Clauses

Simplified Customs Procedure. The Parties shall endeavour to apply simplified import and export procedures for traders or economic operators which meet specific criteria decided by a Party, providing in particular more rapid release and clearance of goods, including advance electronic submission and processing of information before physical arrival of consignments, a lower incidence of physical inspections, and facilitation of trade with regard to, for example, simplified declarations with a minimum of documentation.
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Simplified Customs Procedure. 1. Each Party shall provide simplified import and export procedures that are transparent and efficient, in order to reduce costs and increase predictability for economic operators, including for small and medium sized enterprises. Easier access to customs simplifications shall also be provided for authorised traders according to objective and non-discriminatory criteria. 2. A single customs declaration document or its electronic equivalent shall be used for the purposes of completing the formalities required for placing the goods under a customs procedure. 3. The Parties shall apply modern customs techniques, including risk assessment and post‑clearance audit methods, in order to simplify and facilitate the entry and the release of goods. 4. The Parties shall promote the progressive development and use of systems, including those based upon information technology, to facilitate the electronic exchange of data between their respective traders, customs authorities and other related agencies.
Sample 1
Simplified Customs Procedure. The Parties shall endeavour to apply simplified import and export procedures for traders or economic operators which meet specific criteria decided by a Party, providing in particular more rapid release and clearance of goods, including advance electronic submission and processing of information before physical arrival of consignments, a lower incidence of physical inspections, and facilitation of trade with regard to, for example, simplified declarations with a minimum of documentation. 3 A Party may require an importer to provide sufficient guarantee in the form of a surety, a deposit or some other appropriate instruments, covering the ultimate payment of the customs duties, taxes and fees in connection with the importation of the goods.
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Related to Simplified Customs Procedure

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