What are IM 4 and IM 7? What purpose they are used for?
16/05/16 at 2:37 pm
These are the different CPCs (Customs Procedure Codes) used for Customs assessment and clearance under the automated ASYCUDA World system.
IM 4 CPC is used for dutiable goods on which customs duties and taxes are payable.
IM 7 CPC is used for goods imported under the warehousing facility. IM 7 covers those declarations that relate to goods which are assessed and cleared under the bonded warehousing facility without payment of duty.
[This is for informational purposes only. In case of contradiction of conflict with relevant Act/Rules, provisions mentioned
or referred to in the said Act/Rules shall prevail.]