Glossary → Deferral of customs payments
Deferral of customs payments
Deferral (or instalment plan) of customs payments is the postponement of the set deadline for paying import duties and taxes where grounds exist and against security. Interest is charged for the use of the deferral.
Deferral helps you avoid tying up working capital with large consignments. It is granted for a limited period on confirmed grounds and against security.
We will advise whether a deferral is available in your case and arrange it.
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