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What is IPR?  Inward Processing Relief, or IPR, is a procedure enabling you to process, modify, destroy, or repair imported goods without the obligation to pay customs duties. It’s a form of economic licence which allows you to gain an advantage when producing or handling raw products. You are …

What are Incoterms? Incoterms stands for International Commercial Terms. The terms are published by The International Chamber of Commerce. They regulate commercial transactions between parties in terms of costs, responsibilities, tasks and risks associated with the transportation and delivery of …