Import documents must be submitted to customs authorities before imported goods are removed from storage at the transporter, placed in a bonded warehouse or removed from a bonded warehouse. The importer must submit documents to customs no later than 3 months from the date of arrival of the goods to the country.
The following documents must be presented with an import declaration, as far as applicable: an invoice; a bill of lading or a transport document; a bill covering freight charges; a certificate of origin; other documents concerning the imported goods which are of relevance to their customs treatment, e.g. an import license when required, a confirmation of an authorization for special customs treatment when such is the case, or other certificates required in special circumstances.
Invoices must contain the following information: name and address of the seller (consignor); name and address of the buyer (consignee); place and date of issue; when the sale took place; number of pieces, type of packing, weight, marks and numbers; the goods contained in a consignment, type, make and quantity (number, weight or measurements, as the case may be); the selling price of individual articles and the currency in which the price is speci-fied; terms of payment, payment conditions and delivery conditions, discounts and other deductions and the reasons for granting such discounts or making such deductions.
Import Tariffs
In order to protect agricultural industry, Iceland applied high tariffs on agricultural products. Thus, tariffs on such vegetables as cucumbers, tomatoes and bell peppers are considerably higher during the growing season. Meat and dairy products, and potatoes are also protected by substantial duties. Iceland also maintains tariffs up to 55% on animal feed. Some ingredients and additives commonly used in U.S. foods are prohibited. Imported meat must be free of growth hormones and antibiotics. Iceland maintains strict phyto-sanitary regulations, since many animal diseases common elsewhere are not present in the country.
Clothing, shoes, and furniture are imposed with tariffs. Most industrial goods are not subject to tariffs.
Labeling and Marking Requirements
Product labels may be in English. However, since the nutritional labeling standards in U.S. are different than those in the EU, importers are required to re-label products to meet EU labeling requirements. U.S. labeled products require additional EU consistent labeling by importers, which increases the shelf price of the products. Iceland maintains tariffs on certain categories of food products from the U.S. that are not applied to similar products from the EU. Electrical equipment sold and used by the public (consumer electronics and household electrical appliances) must carry the CE mark. Electric current in Iceland is 50 cycle, 220-volt AC.
Prohibited and Restricted Imports
Importers of chemical substances and products must present a composition declaration. The Icelandic importer, in collaboration with the foreign manufacturer, is responsible for labeling the product. Labeling requirements usually follow EU regulations. | 
