Question

If an importer has a good reputation regarding its following of Customs regulations, the likelihood that one of its shipments is going to be inspected is minimal, therefore minimizing delays at entry and allowing the importer to organize its supply chain more predictably. This is an application of the concept of:
A) bonding.B) stare decisis.C) Electronic Data Interchange.D) Customs expediting.E) None of the above

Answer 1

Answer:

E) None of the above

Explanation:

• The infirmed compliance includes educating the importers on the methods of the classification and assessment of the values to the merchandise and ensuring the familiarity with the laws and regulations of the customs agency.

• Thus the importers need to develop a good reputation when dealing with the clients and follow the customer's regulations and thus minimizing the delay time and ensuring the supply chain quality service.