Export is a trade of goods and services provided by citizens of a country to citizens of another country in exchange for foreign currency. Export creates influx of foreign currency. FOB is a measure of value of goods sold in international trade in which the costs of freight and insurance are paid by the buyer. HS is a classification and coding of commodities based on raw materials, products, and quality. Import is a trade of goods and services required by citizens of a country from citizens of other country in exchange for foreign currency.
Import creates outflux of foreign currency.
Import duties are duties imposed by the government on imported goods as a means of protection of local industries from foreign competitors. This is also a way to save nation s devisa and to increase a country s revenue. International trades consist of export and import. Refers to a port where unloading clearance is warranted by the authority of the officers of Directorate General Customs and Excise after inspection. This is a system of internation trade conducted by citizens of a country except the citizens living in the bonded zone.