Professional Documents
Culture Documents
N 1667861
NEIVA- HUILA
2019
Actividad de aprendizaje 11
Evidencia 7: Compliance with foreign law
VOCABULARI
Products: productos
Manufactured: manufactureo fabricado
Others: otros
Apply: aplican
Being: siendo
for export: para exportación
foreign: exterior
countries: paises
often: amenudo
have: tienen
special: especial
laws: leyes
affecting: comovedor
certain: cierto
products: productos
clases: clases
Compliance with foreign law
To be able to export, every American company must know the laws that may
influence its export. For this reason it is the duty of the exporter not only to rely on
the information that can be obtained from the client but to know the foreign law
The wrong information obtained by an exporter may have the consequence of not
importing your product or that the resale is not profitable. For this reason it is
necessary to have clear requirements such as:
The ISO quality standards are increasingly important for European sales. Therefore
it is necessary to rely on the entities that contain or group the rules of foreign
governments by product.
2. Foreign customs laws: Some countries have rules such as quantity of products
entering their country, customs duties according to the tariff classification,
antidumping confirmation
If these rules are violated, fines such as twice the value of the merchandise (France),
five times the value of this (India) or confiscations as in China may occur, that is
why in the slightest doubt that is obtained about the Export is looking for an
administrative decision of the foreign customs agency, a process that although
delays production and delivery plans can be beneficial for both parties
5. Exchange controls and import licenses: Many countries limit the amount of money
that can be used for the purchase of foreign products, it is important to determine
if a change control system exists and if necessary in the country to which it is going
export and the conditions to obtain those licenses
6. Value added tax: These taxes are applied to imported goods, therefore customs
duties plus value added must be paid. When the importer marks and resells the
goods, he will collect the buyer's tax, which he must remit to the tax authorities after
taking a credit for the taxes owed on the importation.
7. Specialized laws: some regulations of the United States regulate all manufactured
products before entering into a sales agreement, quotation or delivery dates to a
client
Every American company must know the laws that can influence its export
Imperative Sentence
Conditional Sentence
Perform export
Generate commercial Compliance with
processing personally Generate non-tariff Make payment of
and export technical standards
or hire a customs requirements export taxes
documentation required
agent
Security certifications
Tagged
Sanitary controls