4.7.1 Advance payment requirement

Advance payment requirements are requirements concerning the value of the import transaction or related import taxes. These payments are made at the time an application is lodged or when an import license is issued. They can consist of:

  • Advance import deposits
  • Cash margin requirements
  • Advance payment of customs duties
  • Refundable deposits for sensitive product categories; and
  • Advance payment requirements not elsewhere specified.