Rayyan Zainal

Yes, personal medicines can be entered with a prescription provided that the medicine is not restricted or prohibited, and the quantity should fit for personal use, and in case of a restriction must consult the competent authority in the country to allow entry.

IE Code is not a mandatory registration, only importers and exporters of goods or services must have IE Code. Therefore, there is no penalty for not having IE Code; however, import / export will not be possible without an IE Code.

Ex Factory:

• Factory Cost
• Profit
• Export Packing, Marketing & Strapping
• Export Credit Insurance
• Interest on Credit to Importer
• Advertising and Promotion Paid by Exporter
• Agent’s Commission

F.O.B. (Free On Board):

• Inland Freight to Port/ Rail/Airport
• Handling Charges and Fees
• Cold Storage’s Charges
• Cost of Documents (Bill of Lading, Airway Bill)
• Consular Invoices. Certificate of Origin Charges

C.I.F.(Cost, Insurance and Freight):

• Freight (sea/Air/Rail)
• Insurance Premium And Cost of Policy
• Handling Charges (Sea/Air/Rail)

Landed Cost:

• Import Duty and Taxes
• Unloading Charges
• Clearing Agent’s Fee

Whole Sale Price:

• Inland Transport to Warehouse
• Advertising and Promotion Paid by Wholesaler or Importers
• Mark-up

Retail Price:

• Retail Mark-up
• Federal Tax VAT, Commodity Tax
• Sales Tax

Using D/A term, the exporter gives a grant of deferred payment to the importer. If the exporter is assured of the importer’s integrity, he may grant him a credit facility. The process for D/A up to arrival of the documents at the reimbursing bank in the importer’ country is the same as that of D/P. After the reimbursing bank notifies the importer on the arrival of the documents, the importer checks the documents and agrees on payment (promise to pay at the later date), then the bank hands over the document to the importer.

If an article or substance could be suspected of being a dangerous good, but does not meet the criteria for any of the hazard classes or divisions, it may be offered for transport as not restricted if the words ‘Not Restricted’ are included in the description of the article or substance on the Air Waybill to indicate that it has been checked. The statement “Not restricted, as per Special Provision Axx” must be included in the description of the article on the Air Waybill, when required, to indicate that the Special Provision has been applied.