ThemeaningofcommonimportandexportThecommonimportandexportreferstotheCustomsclearancesysteminwhichthegoodscanbeusedandsoldwithintheterritorythroughdirectimportorputintofreecirculationbytransportingoutoftheterritoryaftertheimportandexportdutyhasbeenfullypaidintheentryandexitpartandallCustomsformalitieshasbeengonethrough.Basically,thisCustomsclearancesystemisinconformitywiththetwoat-