How do I get an IOR?
To get an Importer of Record (IOR) status in India, businesses must follow a few essential steps that ensure legal compliance with customs and import regulations: Being an IOR involves both responsibility and accountability — the IOR is liable for the legality, valuation, classification, and compliance of the imported goods.
What are IOR services?
IOR services, or Importer of Record services, refer to third-party solutions provided by companies that act as the official importer for goods entering a foreign country. These services are especially crucial for businesses that want to ship products internationally but do not have a registered legal entity or the necessary licenses in the destination country. […]
Who is importer of record on bill of lading?
The Importer of Record (IOR) on a Bill of Lading is usually the consignee—the person or entity legally responsible for receiving the goods and ensuring compliance with import laws in the destination country. The IOR is tasked with handling all import formalities, including documentation, payment of duties and taxes, and ensuring regulatory compliance with agencies […]
What is IOR in India?
In India, IOR stands for Importer of Record. The IOR is the individual or legal entity officially responsible for ensuring that imported goods comply with all Indian laws and regulations. This includes handling documentation, securing necessary licenses and permits, paying duties and taxes, and maintaining accurate records. The IOR plays a critical role during the […]
