You can achieve considerable cash flow advantages by using the various Customs deferred payment arrangements at the point of importation.
- Facilities exist for the deferred payment of customs duties for up to 45 days. (Similar facilities are generally available for the payment at importation of certain excise duties, agricultural levies and VAT).
- Duty deferral can be further extended by storing in, or moving goods between, customs warehouses and free zones (detailed on previous page). Duty on goods stored under these arrangements does not become due until the month following the removal for sale.
For further information on Deferred Payments
