Question

Short explanation and example of these ửods

ATA carnet

V..E.R

logistic

air way bill

adualorem duty

Answer 1

1. ATA carnet:

A Carnet or ATA Carnet (pronounced kar-nay) is an international customs and temporary export-import document. It is used to clear customs in 87 countries and territories without paying duties and import taxes on merchandise that will be re-exported within 12 months*. ATA and TECRO/AIT. TECRO/AIT carnets are used for temporary imports in Taiwan which only accepts the TECRO/AIT carnet.

2. V..E.R:

Ver is defined as an abbreviation for version or verse. An example of ver is the fifth version of a piece of software; version 5.0.

3. logistic:

Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet requirements of customers or corporations. Eg:

• Inbound transportation.
• Outbound transportation.
• Fleet management.
• Warehousing.

4. air way bill

An air waybill (AWB) is a document that accompanies goods shipped by an international air courier to provide detailed information about the shipment and allow it to be tracked. The bill has multiple copies so that each party involved in the shipment can document it.

5. adualorem duty:

An ad valorem tax is a tax based on the assessed value of an item, such as real estate or personal property. The most common ad valorem taxes are property taxes levied on real estate. However, ad valorem taxes may also extend to a number of tax applications, such as import duty taxes on goods from abroad.