2. Give the Russian equivalents for the following phrases.

1) outward processing relief, 2) equivalent goods, 3) tariff commodity code, 4) be placed in common bulk storage tanks, 5) throughput period, 6) to process a batch of exported goods, 7) to claim relief on the products, 8) extension of the throughput period, 9) the rate of yield, 10) compensating products, 11) a costed list, or "bill of materials", 12) customs audit staff, 13) supervising office, 14) a recognised provider, 15) to complete entries, 16) be jointly and severally liable for, 17) be deemed, 18) to produce evidence of smb’s powers, 19) the Customs Freight Simplified Procedures, 20) the goods up to the point, 21) to keep records, 22) to make smth available to smb on request.

3. Using the vocabulary give the gist of the article.

4. Make up a dialogue between a customs officer and a businessman discussing the export of goods, their identification and valuation.

Review key concepts

1. Discuss export procedures.

2. Discuss export declarations, their role and export control laws.

3. Discuss export tariff regulations.

4. Discuss “throughput period", the rate of yield, authorization.

Discuss the following.

Using the vocabulary and the information from the articles above role play a dialogue between a customs consultant and a starting Belarusian businessman willing to export dairy products to the EU countries.

Look for entrepreneurial businesses in your community that are working in the global marketplace. Discover how different entrepreneurial businesses can increase their market share through globalization.

Look for an opportunity that you think could be turned into a small business. In groups discuss the nature of the opportunity and why you think it has potential.

Research the three major exports for another country. Prepare arguments for why it may have a comparative advantage in those areas.

Unit V. Import procedures and import finance

✔ How big is the role of customs in import for a country’s financial stability and prosperity?

✔ ”Businesses make money by offering goods and services to satisfy the wants and needs of consumers and other businesses in other countries. In this way, wants and needs drive the country’s economy”. Do you agree with it?

✔ List the products foreign businesses should import to Belarus in more quantities/the products that do not exist or exist in small amounts on the Belarusian market. Say why they should be imported rather than be produced in Belarus.

Text a. Guidelines on imports

I. Read the following article and give synonyms for the words and phrases in bold.

Import Requirements

Any goods being imported through either land, sea or air customs areas shall be subject to the following specific general customs procedures:

• Submit a detailed customs declaration as per the approved form including all information about the goods and accompanied with all documents required.

• Declaration of goods and cash for passengers.

• Register customs declaration with the competent customs officer.

• Transfer goods to examination, checking and inspection.

• Evaluate goods for the purposes of payment of customs duties.

• Release of goods. An Importer or his authorized agent is required to submit an Import Declaration for imported goods. The typical declaration should include the following documents:

• Invoices giving such details as type of goods, nature of goods and weights,

• Bills of Lading or Air WayBill,

• Insurance Certificates showing premium if goods were insured,

• Import Licences,

• Permits and Certificates where applicable,

• and Value declaration forms for goods over five hundred dollars should also be attached.

After documentation has been properly and accurately completed it should then be lodged for processing. A minimum forty eight (48) hour processing period is required for all documents lodged at the Customs lodgement box.

If all the information supplied is correct the declaration will be passed, and assessed. The amount stated on the assessment notice should be paid to the cashier before going to the relevant transit shed(s) to release the cargo.

A formal entry must be processed for all manifested and commercial goods. Certain goods may be released pending formal entry after first having the necessary permission guaranteeing the duty and tax liability. Manifested gift packages may be exempt from formal entry.

The onus is on the importer or his agent and not the Customs Officer, to open, unpack, re-pack and seal packages before and after examination. When necessary the importer or his agent must provide certain tools to facilitate the examination of goods. The taking of samples is legally provided for. When the officer is satisfied that goods are duly entered he will issue an out of charge note to the Port Authority who will then deliver the goods.

Importers and Exporters are reminded that there are penalties for breach of the Customs Laws and Regulations, for evasion of duty, taxes and charges, and for evading the requirements regarding prohibitions and restrictions.