We will use the example of the US to make readers understand the definition of importer of record number and its importance. Also, we will replace ‘Importer of Record number’ with ‘importer number’ to make the discussion simple.
What Is an Importer of Record Number?
To define the importer of Record number most simply, it’s a unique identifier assigned by the Customs authority of the importing country to importers of record. In other words, the importer number is the SSN of any importing entity. There is no set standard for importer numbers around the world. Also, national and foreign importers of record are often assigned the importer numbers in different formats.
Which Entities Require an Importer No.?
Every importer needs the importer number from the destination country. Every good imported into any country is tracked through its importer number. Besides importers, freight forwarders and Customs brokers can also apply for an importer number to clear shipping items under their name.
However, they become eligible to get this unique identification under certain conditions. For instance, freight forwarders and Customs brokers in the US can only work through an importer number when the shipping goods are valued under $2,500.
The Expiration of Importer No.
Importer numbers are not issued for a lifetime. They become invalid after a certain time. Every country has its expiry duration set for importer numbers. In the US, customs authorities are only responsible for keeping an importer number on file for 12 months after the last time it was used to import anything into the US.
It’s better to ask beforehand if your IOR number is present there in the Customs books before making any commitments.
Filing for an Importer No.
Entities and Individuals can file for new importer numbers when:
The previous one has been voided, They need an additional importer number
In the US, applicants need to fill 5016 form to get this shipping identity. Other countries have their own paperwork requirements. We hope that this discussion has answered and addressed the question ‘What is the importer of record number?’ and if you still would like to know more about IOR, Also you can read:
GCE Logistics is the leading Importer of Record (IOR) provider in the Middle East. We deliver affordable solutions for businesses lacking a direct presence in the destination country. Discover more about what an importer of record is.
Frequently Asked Questions
What is the IOR code?
An IOR code is a unique identifier assigned to the Importer of Record by the government of the destination country. This code is used to track and manage import activities, ensuring compliance with local laws and regulations.
What is IOR Verification?
The Importer of Record (IOR) is responsible for meeting all legal requirements to clear shipments through customs. This includes verifying that product classifications are correct and ensuring all imported goods are accurately valued. IOR verification must consider the following aspects:
- Product classification
- Import and export licenses
- Import permits
- Fees, taxes, and duties
- Power of Attorney (POA)
- Country-specific regulations
What is IOR Number Gmarket?
This unique identification number is issued by the customs office of the destination country. Its name may vary depending on the country and is often referred to as the importer number, customs registration number, or customs clearance number.
How Do I Find My IOR Number?
The most common way to find your IOR number is by using your Tax ID Number (EIN). By appending two zeros to your Tax ID, it becomes the importer number assigned to you by Customs.
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