Customs debt definition

Customs debt means the obligation on a person to pay the amount of import or export duty which applies to specific goods under the customs legislation in force;
Customs debt means the obligation on a person to pay the amount of the import duties (customs debt on importation) or export duties (customs debt on exportation) which apply to specific goods under the Community provisions in force.
Customs debt means a payment obligatory on a person, on account of customs duty, charges (haq ul zamat), dues (awarez), penalties (jerima), and any other monetary obligations (eltezamat e puli) that apply to specific goods or actions under customs legislation.

Examples of Customs debt in a sentence

  • This is because a debt shall not be notified to a debtor after a period of 3 years has passed from the date on which the Customs debt was incurred.

  • The Customs debt on Afghan goods exiting the free zone free warehouse, or duty free shop into another part of the customs territory of the State shall be calculated in accordance with Article 119.

  • Customs debt on exportation shall be incurred through failure to comply with the conditions under which the goods were allowed to leave the customs territory of BiH with total or partial relief from export duties.

  • The amount of customs duty paid (if any) when the goods were originally entered is to be deducted from the Customs debt incurred.

  • Applications for repayment or remission under this provision should be made within 3 years of notification of the Customs debt to the debtor.


More Definitions of Customs debt

Customs debt means an obligation on a person to pay the amount of the import duties (customs debt on importation) or export duties (customs debt on exportation) which apply to specific goods under the legislation in force of the Republic of Serbia;
Customs debt means the amount of import or export duties and all related import taxes calculated under the Customs and Tax legislation in force.
Customs debt means the obligation on a person to pay the amount of the import/export duties, which apply to specific goods under BiH provisions in force.
Customs debt means the obligation on a person to pay the amount of import or
Customs debt means the obligation on a person to pay the amount of the import duties (customs debt on importation) or export duties (customs debt on
Customs debt means the Customs duties, taxes and charges which may be incurred in respect of goods placed under the ACTS procedure;
Customs debt means the obligation of a person to pay import or export duties to the customs authorities in the importation or exportation of goods;