A SH LEY LI LIT H GA RZ A MA RT N E Z
WHAT IS CUSTOMS
Goods that enter the customs territory of a country from
outside may be stored under the supervision of Customs.
This is known as storage under customs control. When
INCOTERMS are a set of three-letter standard trade terms most commonly used in
international contracts for the sale of goods.
First published in 1936, INCOTERMS provide internationally accepted definitions and
rules of interpretation for most common comme
ASHLEY LILITH GARZA MARTNEZ
COMPENSATORY DUTY (CUOTAS COMPENSATORIAS)
A reduction in tax for one commodity in exchange for increased taxes on others. A
country may reduce duties on some imports from a particular country to offset higher
duties being paid