An import license is a authorities doc that allows the holder to import particular items into a rustic. Import licenses are sometimes required for items which can be topic to quotas, tariffs, or different commerce restrictions. The method of making use of for an import license can differ from nation to nation, but it surely sometimes entails submitting an in depth software to the related authorities company.
There are a variety of explanation why a enterprise would possibly want to use for an import license. For instance, a enterprise would possibly must import items that aren’t out there domestically, or it’d must import items which can be topic to quotas or tariffs. Import licenses will also be used to guard home industries from international competitors.