A custom database is a very important report which is completely based on inquiries relating to shipments. This report must be presented by those countries who are into frequent trading of goods. The information that this report or database provides us is about what goods are imported and what is exported, the names of the trading parties involved, and is supposed to be submitted to the customs department.
This data is also useful to derive information about the details related to imports and exports shipment details, custom duties and tariff plans levied on goods being imported or exported. Apart from this, a marketer also gets to know about the country details that import and export goods, detailed description of goods including CIF charges, FOB value of goods, and the approximate amount of duty that is supposed to be levied.
Keeping the above facts and insights in knowledge, we can conclude by stating that a custom database is very vital data that should be prepared with utmost responsibility and accuracy.
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