Import VAT is paid:

(1)at the time of importation (CEMA 1979, s. 43) or under the period entry system;

(2)under VAT and duty deferment arrangements; or

(3)on release of the goods from a duty-suspension scheme.

Payment can be made directly by the importer using cash, cheque, or banker’s draft, etc. where there are no deferment arrangements. Deferred amounts must be paid by direct debit.

The following can be deferred under the same deferment approval:

(1)import VAT;

(2)customs duties;

(3)excise duties (including tobacco products duty);

(4)CAP levies;

(5)CAP compensatory amounts;

(6)anti-dumping and countervailing duties;

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