What is Import License?
Import License A permit issued by a national authority allowing the importation of specified goods, required for controlled, restricted, or quota-regulated items.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Import License” Used in Practice?
The customs broker submitted the import license to clear the restricted electronic goods at the port.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Import License?
A permit issued by a national authority allowing the importation of specified goods, required for controlled, restricted, or quota-regulated items.
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