Importers and freight forwarders use a customs credit line to defer payment of import duties, VAT, and excise taxes beyond the point of customs clearance, settling the amounts at a later agreed date or in instalments.
Source: https://www.zoll.de
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.