What does an import license indicate?

An import license is a formal authorization issued by the government that permits the importation of specific goods into a country. This document signifies that the importing entity has met all regulatory requirements and that the importation conforms to national laws and policies. Obtaining an import license can involve compliance with specific regulations, including safety standards, health inspections, and tariffs. It serves a vital role in controlling what products can enter a country to protect domestic industries and ensure public safety, as well as to manage trade balances.

The other options do not accurately capture the primary function of an import license. A notification of intended shipment refers to different documentation involved in the shipping process rather than an authorization to import. A declaration of goods' value pertains to the valuation required for customs duties but does not include the authorization to import. Similarly, a record of the transport method used relates more to logistics than to the actual import licensing process.