Posted in Operations and Supply Chain Terms, Total Reads: 284
Definition: Consumption Entry
A consumption entry is duty entry for the goods which have been imported from an international carrier and sent for use in the commercial market directly. There are no time or use restriction imposed on these goods. Almost 95% of the imported goods are of this category in the U.S.A. In the markets, such goods can be used for the personal use or commercial use. If the goods are first kept in any warehouse before going to the market, then formal warehouse entry is to be made on them.