Frequently Asked Questions IOR
What Is Importer Of Record (IOR)? And What Is the Importance Of Importer Of Record (IOR) as a solution in the International trade?
Frequently Asked Questions IOR : Thus, Getting into in international trade brings up a lot of concerns such as compliance questions & regulations. Therefore, in order to trade between parties and across international borders you need for an Importer of Record. However, Importer of Record is the entity who takes much of the responsibility for ensuring compliance. Furthermore, this is in complaint with all applicable laws when importing & exporting goods.
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What is the importance of Import of Record service (IOR)?
However, to import and export any goods, it’s necessary to have an established business in the destination or source country. Hence, IOR can assume this role by taking the responsibility of import process and all subsequent taxes. Furthermore, they are officially recognized by the governments as part of a shipment transaction.
Therefore, Importer of Record ensure compliance with all necessary regulations and statutes to deal with a new country. However, services also enable customers to export warranty or replacement stock to other countries. Therefore, with an extensive freight network worldwide, GCE Logistics can easily provide all these IOR assignments.
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What is the benefit from appointing the Importer of Record ?
Consequently, The Importer of Record is the person or entity who actually has ownership of the imported goods at the time of import. Hence, this may lead to some confusions with suppliers, distributors, and end-users. Therefore, At the time of import of already-purchased goods, the typical thinking would imply the owner of the product (the end-user). Furthermore, Owner has the obligation to pay any associated duties. However, appointing an Importer of Record will clear this confusion. Therefore, the entity of IOR becomes the temporary owner of the goods until the goods have been accepted by the DC.
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Does So GCE Logistics offer an Importer of Record service including Freight?
So, GCE Logistics is able to offer a full door-to-door service & We will bear the following:
• Firstly, Classification and valuation of the merchandise before the import
• Secondly, Overall review of the export processes
• Thirdly, Compliance of the destination country regulations
• Hence, Paying all the taxes upon an international trade
• Therefore, Presenting the specific declarations to government agencies
• Furthermore, Prepared all the required documentation (certifications, permits and authorizations)
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What are the benefits that I shall have as customer so when appointing an Importer of Record ?
• Firstly, GCE Logistics will perform compliance assessment to define import restrictions (import licenses, import permits, certification required), acquisition process and timeline for permits and certification, customs taxes, duties and charges.
• Secondly, Simplification of shipments customs clearance – GCE Logistics is a licensed customs broker with highly efficient and experienced staff.
• Thirdly, We will provide legal entity to act as an Importer of Record (IOR). However, this will save the customer costs of establishing legal entities in the country. Therefore, the office and warehouse rent or purchasing, staff salary, salary taxes and hardship allowances are saved.
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