6 terms
A customs declaration is the formal statement of what a cross-border shipment contains, what it is worth and where it comes from, used to assess duty…
An HS code is the standardized six-digit product classification used worldwide to determine customs duties, taxes and rules for traded goods.
Import duty is a customs tax charged on goods entering a country, based on the tariff code, customs value and origin of a product in cross-border…
International shipping delivers e-commerce orders across national borders, combining carrier services, customs declarations, duties, taxes and delivery terms.
Multi-currency checkout lets cross-border e-commerce shoppers see prices and pay in their own currency, while the merchant manages conversion and settlement.
VAT (value added tax) is a consumption tax charged at each stage of supply; in cross-border e-commerce it usually follows the buyer's country.