Import

An import is a good brought into a jurisdiction, especially across a national border, from an external source. The party bringing in the good is called an importer. An import in the receivng country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade.

In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions.

Definition

"Imports" consist of transactions in goods and services to a resident of a jurisdiction (such as a nation) from non-residents. The exact definition of imports in national accounts includes and excludes specific "borderline" cases. A general delimitation of imports in national accounts is given below:

  • An import of a good occurs when there is a change of ownership from a non-resident to a resident; this does not necessarily imply that the good in question physically crosses the frontier. However, in specific cases national accounts impute changes of ownership even though in legal terms no change of ownership takes place (e.g. cross border financial leasing, cross border deliveries between affiliates of the same enterprise, goods crossing the border for significant processing to order or repair). Also smuggled goods must be included in the import measurement.
  • Import (disambiguation)

    Import is the act of bringing goods into a country.

    Import may also refer to:

  • import and export of data, in computing
  • import tariff, a tax on imported goods
  • import quota, a type of trade restriction
  • Import substitution industrialization, an economic policy
  • Import scene, a subculture that centers on modifying imported brand cars
  • The #Import directive in Objective-C
  • The import keyword in Java
  • See also

  • Export (disambiguation)
  • Podcasts:

    PLAYLIST TIME:

    You May Be Right

    by: Billy Joel

    Friday night I crashed your party
    Saturday I said I'm sorry
    Sunday came and trashed me out again
    I was only having fun
    Wasn't hurting anyone
    And we all enjoyed the weekend for a change
    I've been stranded in the combat zone
    I walked through Bedford Sty alone
    Even rode my motorcycle in the rain
    And you told me not to drive
    But I made it home alive
    So you said that only proves that I'm insane
    You may be right
    I may be crazy
    But it just may be a lunatic you're looking for
    Turn out the light
    Don't try to save me
    You may be wrong for all I know
    But you may be right
    Remember how I found you there
    Alone in your electric chair
    I told you dirty jokes until you smiled
    You were lonely for a man
    I said take me as I am
    'Cause you might enjoy some madness for awhile
    Now think of all the years you tried to
    Find someone to satisfy you
    I might be as crazy as you say
    If I'm crazy then it's true
    That it's all because of you
    And you wouldn't want me any other way
    You may be right
    I may be crazy
    But it just may be a lunatic you're looking for
    It's too late to fight
    It's too late to change me
    You may be wrong for all I know
    But you may be right
    You may be right
    I may be crazy
    But it just may be a lunatic you're looking for
    Turn out the light
    Don't try to save me
    You may be wrong for all I know
    But you may be right
    You may be wrong but you may be right




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