The date of entry is equivalent to what?

The date of entry specifically refers to the date on which goods are officially recorded by customs upon their arrival in a country. This is a critical date because it marks the point at which customs duties and taxes are assessed based on the applicable duty rate for those goods.

Understanding the relationship between the date of entry and duty rates is essential in customs processes. The duty rate is determined based on the classification of the goods and their value at the time of entry, making it necessary for the entry date to establish the relevant duties due to customs authorities.

In contrast, the final delivery date relates to when goods are physically delivered to the consignee, which can occur after all customs processes, including duties and release, are completed. The shipping date refers to when the goods are dispatched from the exporter, which is separate from customs entry. The export date signifies when goods leave the country of origin and is unrelated to the customs entry process in the destination country.

Therefore, the concept of the date of entry is closely tied to the duty rate because it triggers the customs procedures that ultimately determine the financial obligations associated with imported goods.