Entry in the accounts
Also called: communication of the customs debt
The step in which customs records the amount of import or export duty in its accounts and then notifies the debtor. Notification is subject to time limits and must take place before duty can be collected.
In practice
When customs discovers an underpayment, the date and content of the notification decide whether recovery is still possible.
EU
UKRelated terms
- Customs debt
- The legal obligation to pay import or export duty on specific goods. It arises at the moment a declaration is accepted for release for free…
- Time limit for notifying a customs debt
- The period after which customs can no longer notify a debtor of a customs debt. Under the UCC it is generally three years from the date the debt was…
- Customs debtor
- Any person liable for a customs debt. For a release for free circulation this is the declarant, and in indirect representation also the person on…