Deferment Fee

A Deferment Fee is charged by customs authorities or financial institutions when importers delay the payment of customs duties and taxes on imported goods.

This fee applies when importers use a deferment account or bond, allowing them to postpone duty payments, typically on a monthly basis. This arrangement improves cash flow flexibility but comes with an administrative fee to cover processing and financial risks.

Using a deferment account facilitates faster customs clearance and ensures continuous goods movement. However, timely payments are essential to avoid penalties and maintain compliance.

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