informed compliance
Definition
A standard implemented by US Customs agency in the early 1990's to increase the compliance by exporters when dealing with a nation's trade laws. Informed compliance involves the education of importers on the methods for classifying and assigning a value to their merchandise and to ensure familiarity with laws and regulations of the Customs agency. A checklist was developed and issued by Customs to assist importers in following proper guidelines.
Related Articles
- "Buy Straddle" Option Investment Strategy *
- Introduction to Banking *
- Understanding Homeowner's Insurance Policies *
- Fees and Expenses *
- Basics of The Value Investing Stock Strategy *
- Places to Buy a Car Other than Dealers *
- Introduction to Buying a Car *
- Introduction to the Economy, Fiscal and Monetary Policy *
Related Videos
http://www.businessdictionary.com/definition/informed-compliance.html
