Importer of Record

Documents and procedures

Principles for classifying a product in the Harmonized System.

The official importer, often referred to by the acronym IOR (Importer of Record), plays a crucial role in the import process. This entity is legally responsible for importing goods into a given country. It must ensure that all customs and tax regulations are complied with, which includes paying customs duties, collecting and submitting the required documents, and complying with local standards.

Responsibilities of the Importer of Record

  1. Regulatory Compliance: The IOR must ensure that the imported products comply with all local laws and regulations, including safety and health standards.

  2. Documentation: It is responsible for preparing and submitting all necessary documents, such as customs declarations, commercial invoices, and certificates of origin.

  3. Payment of Duties and Taxes: The official importer is responsible for calculating and paying customs duties and other applicable taxes.

  4. Risk Management: It must assess and manage risks related to importation, such as delays, penalties, or seizures of goods.

Practical Tips for Becoming an IOR

  • Knowledge of Regulations: Familiarize yourself with the customs laws of the importing country to avoid costly mistakes.
  • Collaboration with Experts: Working with customs brokers or consultants can facilitate the process and ensure compliance.
  • Effective Management System: Implement a document and payment management system to track all transactions and obligations.

In conclusion, the official importer is a key player in the international supply chain, ensuring that goods cross borders legally and efficiently. For more information on roles and responsibilities related to importation, check our customs glossary.