Iran Customs Broker Exam flashcards

33 cards. Read the term and the definition here. The deck at the top of this page is optional.

Transaction Value

The primary customs valuation method: the price actually paid or payable for the goods when sold for export, adjusted by additions and deductions prescribed by law.

GIR 1

Classification is determined by the terms of the headings and any relative section or chapter notes; later rules apply only when headings are ambiguous.

Customs Territory

The geographic area in which the customs law of a state applies fully, including its territorial waters and, where specified, free zones with modified rules.

Ad Valorem Duty

A duty calculated as a fixed percentage of the customs value of the imported goods, so the amount rises and falls with declared value.

Transit Procedure

A customs regime allowing goods to move under customs control from one customs office to another without payment of duties, secured by a guarantee.

Deductive Value

A valuation method beginning with the resale price of the imported goods in the importing country, minus post-importation costs and normal profit.

Computed Value

A valuation method built from the cost of production, plus profit and general expenses, plus transport and related costs to the place of importation.

Customs Declaration

A legally binding statement by the declarant describing the goods, the requested customs procedure, and the particulars required for clearance.

Certificate of Origin

A document certifying the country in which goods were produced, used to claim preferential tariff treatment or to satisfy origin-related trade requirements.

Duty Drawback

A refund of duties paid on imported inputs that are later exported in finished goods, subject to conditions and proof of export.

Tariff-Rate Quota

A two-tier duty mechanism applying a lower rate to a limited in-quota quantity and a higher rate to imports exceeding that quantity.

Smuggling

The unlawful introduction or removal of goods across a customs border without declaration, or with a false or fraudulent declaration.

Temporary Admission

A regime permitting goods to enter for a defined purpose and period with conditional relief from duties, provided they are re-exported.

Bonded Warehouse

A customs-supervised storage facility where imported goods are held with duties suspended until they enter the domestic market or are re-exported.

GIR 3(a)

When goods are prima facie classifiable under two or more headings, the heading providing the most specific description prevails over more general headings.

GIR 2(a)

Incomplete or unassembled articles are classified as the complete article if they have the essential character of the finished good.

MFN Rate

The most-favoured-nation tariff rate applied to imports from WTO members absent a preferential trade agreement granting a lower rate.

Customs Value

The dutiable base for ad valorem duties, determined under the statutory valuation methods beginning with the transaction value.

Buying Commission

A fee paid by an importer to its own agent for purchasing goods abroad; it is excluded from the customs value, unlike selling commissions.

Risk Management Channel

A customs selectivity system assigning consignments to green (release), yellow (documentary check), or red (physical inspection) channels.

Electronic Data Interchange

The computer-to-computer transmission of customs declarations and responses between traders and customs, replacing paper-based processing.

Declarant

The person who lodges a customs declaration, either the importer/exporter or a broker acting under a mandate from the principal.

Guarantee

A bank undertaking or cash deposit accepted by customs to secure potential duty liability for transit, temporary admission, or deferred payment.

Import Licence

An authorization issued by a competent authority permitting the import of restricted goods that are otherwise subject to quantitative or regulatory control.

Preferential Origin

Origin status meeting the rules of a trade agreement, entitling goods to a reduced or zero tariff rate upon proof of origin.

Voluntary Disclosure

A declarant's self-reporting of an error to customs before detection, which may mitigate penalties under applicable regulations.

Administrative Appeal

A formal request to the competent customs review body to reconsider an assessment or penalty decision within the statutory deadline.

Broker Confidentiality

The professional duty not to disclose client information obtained during brokerage except where required by law or authorized by the client.

Conflict of Interest

A situation where a broker's personal or financial interest could impair impartial service to the client; it must be avoided or disclosed.

Customs Procedure Codes

Standard codes on the declaration identifying the requested regime, such as home use, transit, temporary admission, or export.

Value-Added Tax on Imports

A tax generally levied on the import value comprising customs value plus duty plus other specified charges, collected at clearance.

Fallback Valuation Method

The final valuation method, applying the earlier methods flexibly with reasonable adjustments while prohibiting arbitrary or fictitious values.

Section and Chapter Notes

Legally binding parts of the HS nomenclature that define, include, or exclude goods and prevail over the ordinary meaning of heading text.