This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Rahi Systems will take the onus of accuracy and accountability of the goods and records according to the Customs and Border Protection guidelines. This greatly minimizes the errors in compliance regulations. When you appoint Rahi as your IOR, we take full responsibility for all the processes until your products reach their destination. Local currency transaction for the customer Key Logistics person assigned and involved in every stage of clearingĬonsistent transactions for different types of productsĭeliver on daily international transactions, worldwideĬlear asset ownership and transaction definitions, compliant with Customs Sites located in key logistics hubs across the worldĬustoms Clearing is in-house versus third party With offices in five continents, Rahi Systems can offer you the following advantages as your IOR: These IOR/EOR requirements ensure fast, smooth and reliable importing/ exporting worldwide. Most of the times, these authorizations are needed before exporting to the destination country location. Procuring licensing, certification and authorizations to export beforehand, for a commodity. Paying duty/taxes on import/ export based on the accurate value of goodsįiling specific declarations with various government agencies upon import or export The Importer of Record is directly responsible for: Optimize time and process and lets you focus on your day-to-day operations of your core business Trackable import/ export process of your goods Local resources who can operate on the ground Here’s how an IOR will help in your global transactions:Ī single go-to entity for all your international transactionsĪn accountable way to do business worldwideĪvoid penalties for lack of knowing/ following the Customs and Border Protection rules and regulations There is a lot of paperwork involved and the IOR can ensure all the operations are done according to the international rules and regulations of each country involved. Importing and exporting goods requires your company to have an established business or a legal entity in the country of import or export to act as the government-required responsible party in conducting the export or import transactions. An Importer of Record (IOR) has various responsibilities from filing the right documents, maintaining the paperwork, providing any additional documentation of initial assessment for an import. Under the Customs Modernization Act of 1993, the Importer of Record was created by the Customs and Border Protection (CBP) to scrutinize imports/ exports thoroughly to prevent any terroristic acts and to ensure payment of Import/ Export Duty. The IOR can be the owner, purchaser or a customs broker with the right authorization. Governments around the world consider the Importer of Record (IOR) as the official owner or purchaser of goods being imported into a destination country. Importer or Exporter of Record technically have similar responsibilities. An IOR is an entity or a single person, responsible for the import/ export of goods in compliance with the laws of the respective countries. To streamline your intercontinental business, Rahi can be your go-to Importer of Record (IOR). When your business is global, there are international rules and regulations that you have to play by.
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