02 February 2013
What is Importer on Record(IOR)? (refer seagate singapore(SS) case) What is said in the case is that SS will engage IOR to supply goods to its clients on a "just-in-time" basis. But how will the IOR clear the goods for warehousing if it does not have an invoice. As per my understanding invoice, inter alia, is important for clearance.
08 February 2013
importer of record ******************* Customs term for the entity responsible for (1) ensuring the imported goods comply with local laws and regulations, (2) filing a completed duty entry and associated documents and (3) paying the assessed import duties and other taxes on those goods.
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