Payment of customs duties where applicable to obtaining customs release so that goods can finally be cleared from customs control for the next procedure and to impose penalty for making incorrect declaration, falsifying documents, giving false information and various smuggling offences.

Trade Consignment
As a method of promoting the sale of its goods, an exporter may be willing to offer consignment terms. This means that the foreign importer agrees to receive and stock the goods but only pay for them, if and when sold. The exporter retains ownership of them and if all or part of them cannot be sold, the exporter bears all the loss - either having them returned to the exporter's country or sold locally at perhaps greatly reduced prices.

Consignment should be considered only if it is absolutely necessary as a way of introducing a product, the value of the consignment is relatively small, the intention is to switch to more conventional sales arrangements once the product has "taken off"..- To learn the Secrets of International Trade - Click Here