What is Suspensive Regime?
Suspensive Regime A customs arrangement permitting the suspension of duties, taxes, or trade policy measures while goods are under specific procedures such as transit, inward processing, or temporary storage.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Suspensive Regime” Used in Practice?
The imported goods were placed under a suspensive regime, deferring payment of duties until they were released for free circulation.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Suspensive Regime?
A customs arrangement permitting the suspension of duties, taxes, or trade policy measures while goods are under specific procedures such as transit, inward processing, or temporary storage.
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