Customs Clearance Clause Samples
The Customs Clearance clause defines the responsibilities and procedures for ensuring that goods pass through customs authorities legally and efficiently. Typically, this clause specifies which party—such as the buyer or seller—is responsible for preparing and submitting required documentation, paying duties or taxes, and addressing any customs inspections or delays. By clearly allocating these obligations, the clause helps prevent misunderstandings, delays, and additional costs associated with the import or export of goods, ensuring a smoother transaction process.
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Customs Clearance. (a) To expedite clearance by the Customs Authority of all plant and machinery imported into Bangladesh by the Company for incorporation into the Facility pursuant to this Section 7.2, the GOB (through BPDB) shall take all advance steps and issue such advance instructions and issue such certificates and documentation as may be necessary or reasonable under the circumstances to ensure such clearance. In particular, the GOB shall, not later than the fifteenth (15th) Business Day following the receipt from the Company of all information reasonably required by GOB regarding such plant and machinery, issue to the Customs Authority, with a copy to the Company, a certificate as provided in S.R.O. No. 73- Law/97/1700/Customs, dated 19 March 1997 (the “Clearance Certificate”), confirming that such plant and machinery are items which the Company may import without restriction and without payment of any Taxes, including Customs Duties and VAT.
(b) If, notwithstanding compliance by GOB with Section 7.2(a), from and after the later of the date the Clearance Certificate is delivered to the appropriate Customs Authority and the date that any plant and machinery are available to the Customs Authority for inspection, the Company experiences more than fifteenth (15) Business Days delay in clearance by the Customs Authority of any such plant and machinery imported into Bangladesh, the GOB pursuant to this Section 7.2 shall take such steps or action or issue such documentation reasonable and appropriate under the circumstances to expedite such clearance.
(c) If, following notice to BPDB in writing of a delay in clearance from customs of any equipment or machinery of a greater length than provided in Section 7.2(b), the Company experiences more than seven (7) Business Days of additional delay in clearance by the Customs Authority of any such plant and machinery imported by the Company into Bangladesh pursuant to this Section 7.2 or BPDB fails to issue to the Customs Authority the Clearance Certificate pursuant to Section 7.2(a) within the time period required therein, the Company shall be entitled to a Day-for-Day extension to the Required Commercial Operations Date.
Customs Clearance. For prompt customs clearance of goods traded between the Parties, each Party shall:
(a) make use of information and communications technology;
(b) simplify its customs procedures; and
(c) make its customs procedures conform, as far as possible, to relevant international standards and recommended practices such as those made under the auspices of the Customs Co-operation Council.
Customs Clearance. 1. The Parties shall apply their respective customsprocedures in a predictable, consistent, and transparentmanner.
2. For prompt customs clearance of goods traded between theParties, each Party shall: (a) endeavor to make use of information and communications technology; (b) simplify its customs procedures; (c) harmonize its customs procedures, as far as possible,with relevant international standards and recommended practices such as those made under the auspices of theCustoms Co-operation Council; and (d) promote cooperation, wherever appropriate, betweenits customs authority and:
(i) other national authorities of the Party; (ii) the trading communities of the Party; and (iii) the customs authorities of non- Parties.
3. Each Party shall provide affected parties with easilyaccessible processes of administrative and judicial review ofits administrative actions relating to customs matters.
Customs Clearance. The Employer will use his best endeavours in assisting the Contractor, where required, in obtaining clearance through the Customs of Contractor's Equipment, materials and other things required for the Works.
Customs Clearance. Temporary Admission and Goods in Transit Article 47 Advance Rulings Article 48 Cooperation and Exchange of Information Article 49 Sub-Committee on Customs Procedures Chapter 5 Technical Regulations, Standards and Conformity Assessment Procedures, and Sanitary and Phytosanitary Measures Article 50 Scope Article 51 Reaffirmation of Rights and Obligations Article 52 Enquiry Points
Customs Clearance. Article 55 Cooperation and Exchange of Information Article 56 Sub-Committee on Customs Procedures Chapter 5 Investment Article 57 Scope Article 58 Definitions
Customs Clearance. Upon Buyer's request, Seller will promptly provide Buyer with a statement of origin for all Equipment and Items and with applicable customs documentation for Equipment and Items wholly or partially manufactured outside of the country of import.
Customs Clearance. Temporary Admission and Goods in Transit Article 56 Co-operation and Exchange of Information
Customs Clearance. Upon Buyer’s request, Supplier will promptly provide Buyer with a statement of origin for all Items and with applicable customs documentation for Items wholly or partially manufactured outside of the country of import. Buyer shall also be the importer of record and is responsible for fulfilling quota terms, obtaining import licenses, paying import license or permit fees, duties and customs fees, and any other governmental or import taxes or fees, and preparing and submitting all required documentation in connection with importing the Items.
Customs Clearance. Upon Intel’s request, Micron will promptly provide Intel with a statement of origin for all Probed Wafers and with applicable customs documentation for Probed Wafers wholly or partially manufactured outside of the country of import.