What is Duty Deferral?
In this glossary, Duty Deferral refers to: A regulatory program that allows importers to postpone payment of customs duties and taxes for a specified period, subject to conditions.
How is Duty Deferral used in logistics?
In logistics communication, this term appears in contexts such as: "The importer utilized the duty deferral scheme to postpone payment of duties until the goods were sold domestically."
Why does Duty Deferral matter in logistics?
Duty Deferral matters because it supports clear communication in Customs contexts for Freight Forwarders, Supply Chain Managers, and Customs Brokers. It also connects to aviation training and exam language such as FIATA Diploma, CILT Certification, and IATA DGR.
Who uses Duty Deferral?
Duty Deferral is mainly used by Freight Forwarders, Supply Chain Managers, and Customs Brokers.
What category does Duty Deferral belong to?
In this glossary, Duty Deferral is grouped under Customs. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from Incoterms 2020 (ICC), FIATA, IATA DGR, WCO and published by Protermify Logistics as a static logistics reference page.