| # Imports and Customs Custom duty is levied on goods that are imported at the rate, specified in the Customs Tariff Act. The customs functionality supports the standard import procedure. Bill of entry The Bill of entry is a shipping bill submitted to the Customs authorities. The bill contains all the details of goods cleared from Customs. Additional Charges For Customs, you can maintain additional charges like Insurance, Freight and Other Charges for each purchase order based on the terms of the delivery in the Purchase Order Additional Charges (Import) (tdpur9137m00l) session. The additional charges are calculated based on the following methods: Prorate By Weight / By Volume % Value INCO terms The INCO (International Commercial) terms also known as the terms of delivery, are defined by the ICC (International Chamber of Commerce), to make international trade easier for the buyer and the seller. In Infor ERP LN, the Terms of Delivery defines the contract responsibilities of the buyer and the seller for an import transaction. |