Customs clearance

Importation is the entry followed by internalization of foreign goods into the customs territory. In legal terms, the goods are considered imported only after its legalization in the country through the customs clearance stage and the taxes required by law.
The import process can be divided into three phases: administrative, fiscal and exchange.
The administrative phase refers to the procedures and requirements of prior government agencies to effect the import and vary according to the type of operation and commodity: it is the import licensing.
The tax phase comprises the customs treatment by means of import clearance, which is the procedure by which is verified the accuracy of the data declared by the importer in relation to imported goods, the documents submitted and the specific legislation with a view to their clearance customs. This stage takes place in appropriate facilities, following the arrival of the goods in Brazil, and includes the taxes due on importation. Upon completion of the customs clearance, the goods are considered imported and can be released to the internal market.
Already the exchange stage concerns the foreign currency purchase operation to effect the payment of imports (when no such payment) being processed by a financial entity authorized by the Central Bank of Brazil to operate in exchange.