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What does the expiration date on each specific license denote?

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What does the expiration date on each specific license denote?

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It is the last date the shipment may leave or enter the United States ; it means the shipment must clear U.S. Customs by that date.

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It is the last date the shipment may leave or enter the United States ; it means the shipment must clear U.S. Customs by that date.

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