When a company imports, import duties and other levies often are to be paid to Customs. Also in the case of ‘intercompany transactions’, which basically means the stock movement of goods (not to be confused with stock movements of E-commerce companies), a payment of duties is required. In such a situation, many companies do not know what needs to be done exactly to ensure that customs-related matters are taken care off.
Source: pincvision.com
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