Customs clearance of branded goods is carried out for each product, taking into account its GST AA code, customs code. In other words, customs clearance of branded goods is carried out according to normal customs processes.

However, customs clearance of branded goods has rules, not being aware of which can cause serious problems for importers.

In EAEU countries, including Armenia, various companies can apply to the relevant state authority and register branded products as intellectual property. Thus, in the corresponding state register, it is defined that this or that company has received intellectual property rights to some brand. By the way, natural persons can also apply for intellectual property registration.

This one circumstance is an important point for the customs procedures for the import of branded goods. Let's assume that one company has decided to import a branded product, but it has already been registered by another company or individual as intellectual property. In this case, the customs authorities temporarily suspend the completed customs declaration for branded goods and the customs clearance of the goods goes into the "Red" Way.

In this case, the customs authorities already notify in writing the company or the person who has registered this branded product as intellectual property that another company wishes to import the specified branded product. At the same time, it is also presented in what quantity and volume.

Thus, until the company that has registered the intellectual property of the brand gives its consent, the goods cannot be cleared. However, we should not exclude the possibility that the company decides not to give consent. In this case, the goods cannot pass customs clearance and customs clearance in any way.

Given these risks, it is very important to learn about the above problem before importing branded products. You might want to know if this product is registered as intellectual property or not. Otherwise, we have already realized that time-consuming processes are inevitable.

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