Common use of Simplified Customs Procedures Clause in Contracts

Simplified Customs Procedures. Each Party shall adopt or maintain measures allowing traders or operators fulfilling criteria specified in its laws and regulations to benefit from further simplification of customs procedures. Those measures may be offered through a Party's Authorised Economic Operator program, or otherwise made available to traders or operators in accordance with its laws and regulations and may include: (a) customs declarations containing a reduced set of data or supporting documents, including for the movement of low- value consignments; (b) deferred payment of customs duties and taxes until after the release of those imported goods; and (c) other matters as the Party may decide.

Simplified Customs Procedures. Each Party shall adopt or maintain measures allowing traders or operators fulfilling criteria specified in its laws and regulations to benefit from further simplification of customs procedures. Those measures may be offered through a Party's ’s Authorised Economic Operator program, or otherwise made available to traders or operators in accordance with its laws and regulations and may include: (a) customs declarations containing a reduced set of data or supporting documents, including for the movement of low- low-value consignments; (b) deferred payment of customs duties and taxes until after the release of those imported goods; and (c) other matters as the Party may decide.