What is Duty Exemption?
Duty Exemption A regulatory provision allowing certain goods or shipments to be imported without payment of customs duties, subject to specific conditions and legal grounds.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Duty Exemption” Used in Practice?
Diplomatic cargo received duty exemption in accordance with international treaties and customs regulations.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Duty Exemption?
A regulatory provision allowing certain goods or shipments to be imported without payment of customs duties, subject to specific conditions and legal grounds.
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