We are independent & ad-supported. We may earn a commission for purchases made through our links.

Advertiser Disclosure

Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.

How We Make Money

We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently from our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is an Export Declaration?

By Carrieanne Larmore
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

In the United States, an export declaration is a shipping form that serves the purpose of providing a census record of exported goods and controlling country exports. It is required for all shipments, regardless of the method of transportation. It is obligatory if the value of the shipment exceeds $2,500 US Dollars (USD), requires an export license or is traveling to an embargoed or restricted country. It is important to provide accurate information on this form, as penalties can be severe.

Also known as the Shippers Export Declaration (SED) form, the export declaration form requires the shipper to include the value, weight, quantity, description, destination, Schedule B commodity code, as well as other regulatory information. The export declaration form is 7525-V, and 7513 for in-transit merchandise. This form must be filled out by the individual or business sending the shipment, or by the freight forwarder if the forwarder has the power of attorney.

Completion of this form requires Schedule B classification codes, license number, and export control classification number. Schedule B classification codes are available on the census website or by calling the Census Bureau. A license number and export control classification number are only needed if an export license is required for the exported goods being shipped. The Bureau of Industry and Security or local Export Assistance Center can help in determining if an export license is needed.

Exemptions are available for shipments consisting of personal items, such as when moving abroad or traveling. These exemptions are only for items in the shipment that will not be sold, are not going to an embargoed country, do not require an export license and will not be traveling with a bill of lading. These items should also be valued at less than $2,500 USD. If the shipment is valued at $2,500 USD or higher, but consists of a mixture of commodities with different Schedule B commodity codes, then an export declaration is not required.

Shipments will need the export declaration sent along with them to the exporting carrier. The shipping carrier will present the form to the U.S. Customs Service at the port of export. Liability for compliance is not transferred to the forwarder, so the shipper must complete the form correctly and provide accurate information. It is required for specific countries, including Cuba, Libya and North Korea, as well as to Puerto Rico, the U.S. Virgin Islands and the former Pacific Trust Territories.

Consequences for providing incorrect information on an export declaration form are severe. For example, it could result in a fine up to $10,000 USD and/or imprisonment. Copies of shipping documents must be held onto for five years for a possible future investigation. It is the obligation of the shipper to have a license, if needed, and a form when required to avoid any possible penalties.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.

Discussion Comments

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.