Commodity Import
/ˈkɒm.ə.dɪ.ti ˈɪm.pɔːrt/
Definitions
- (n.) The legal or regulatory act of bringing goods classified as commodities into a country for use, sale, or manufacturing.
The company secured a license for the commodity import of crude oil into the country.
Forms
- commodity import
- commodity imports
Related terms
See also
Commentary
Typically governed by import regulations and customs laws; precise classification affects duties and compliance requirements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.