Imported goods example sentences

Advanced planning for financing imports is necessary so as to avoid huge demurrages (i.e., penalties) on the imported goods lying uncleared at the port for want of payments.The other channels of disposing their income are closed: we have assumed that the households do not save, they do not pay taxes to the government – since there is no government, and neither do they buy imported goods since there is no external trade in this simple economy.Spending on imported goods is also likely to increase.Import general manifest is a document that contains the details of the imported goods.On getting acceptance of the bill of exchange by the importer, the documents are handed over to the importer to enable him/her to claim the imported goods.To clear the market, the exchange rate must rise to the equilibrium value e1 as shown in Figureure The rise in exchange rate (depreciation) will cause the quantity of import demand to fall since the rupee price of imported goods rises with the exchange rate.