- New Customs laws and regulations in Japan require foreign companies to assess their supply chains if they import into Japan without a sales transaction.
- These companies must use a separate local company to act as the importer of record.
- The clarification of the definition of Importer of Record is aimed at ensuring compliance with the Customs Act.
Source: pwc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
