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What is export sale? / types of export

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Export sale means mainly, Non-oil exports, especially industrial goods, while creating high added value, improve the employment status of the whole society and generate foreign exchange earnings to meet the import needs of the country and respected exporters.

 

Particularly in the recent developments in the global economy, which are moving towards eliminating all non-tariff barriers and reducing tariffs, export leakage is essential to increase the country’s share in the world economy and achieve sustainable economic growth and development.

In customs procedures, exports are divided into three categories:

  1. Outright exportation
  2. Temporary exportatiom
  3. Re-export (return)

Outright exportation

How to send goods with vehicles for export or purchase

It is the removal of goods for the purpose of sale, use or consumption outside the customs territory of the country.

 

Certain exports, according to export and import regulations, can be carried out by border agents and border cooperatives and merchants. Manufacturing units can also supply and export goods by means of Buy Back and temporary entry of raw materials.

 

Temporary Exportation

It is the removal of goods from the customs territory of the country in order to be exhibited, repaired, completed and processed outside the customs territory of the country and then returned to the customs territory.

Consuming goods such as sweets, chocolates and other locally produced food products are displayed and exhibited overseas. Visitors are given or sold free of charge at the time of the foreign trade fair. When returning to the country for that part (the sales part), the formal export formalities will be applied.

In the case of durable consumer goods – such as home appliances and plastic chairs and furniture-

Seats for exporters and foreign and domestic businessmen, the most efficient chair anywhere

offered at foreign fairs, exported in the event of a sale after the end of the trade fair and the owner of the goods returned to the country for the items sold at the Exhibition.

When completing a domestically produced commodity abroad, this may be done abroad due to lack of technology at home or the cost of labor in the country, and then the commodity is returned.

Return exportation

Re-exporting is “exporting previously imported goods without additional processing or modification” if re-exporting through ports, free zones or warehouses under customs protection, this shall not be subject to customs charges.

Webster, has considered re-exporting goods that have already entered a country or geographical area provided it ,which has a wholesale aspect.

One way of shipping goods purchased by the merchant is by sea

Singapore, the Hong Kong Special Administrative Region, and Dubai on a smaller scale, are among the three major export hubs, and Hong Kong, Dubai and Singapore’s foreign exchange earnings outweigh the national export earnings.

In the continent of Europe – the port of Rotterdam in the Netherlands -is the most important center of redistribution of goods and the bulk of the re-export of the Netherlands and a number of European countries takes place through this free port.

Source:Denaplastic
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