Definition
A deposit lodged with SARS to secure potential duties, VAT, penalties or other amounts pending the final determination of a customs matter, such as a query over classification or valuation. It allows the goods to be released while the issue is resolved and is refunded or appropriated once the matter is finalised. It is distinct from a permanent payment of duty.
Frequently asked questions
What is Provisional Payment (Customs)?
A deposit lodged with SARS to secure potential duties, VAT, penalties or other amounts pending the final determination of a customs matter, such as a query over classification or valuation. It allows the goods to be released while the issue is resolved and is refunded or appropriated once the matter is finalised. It is distinct from a permanent payment of duty.
Which glossary terms are related to Provisional Payment (Customs)?
Provisional Payment (Customs) is a customs & sars term in the South African import/export industry. Related terms in the same area include 70707070 (Customs Code), Ad Valorem Duty, AEO (Authorised Economic Operator), Anti-Dumping Duty, B-BBEE (Broad-Based Black Economic Empowerment) — each has its own plain-English definition in the TradeCaravan glossary.