Customs Bonds

Inward Processing Rebate Bond

Surety providing a full remission or reduction in duties on imported goods used for processing, manufacturing or repairing products intended for exportation. 

Our Inward Processing Rebates eliminate the need for manufacturers to pay duties and taxes on imported goods, including raw materials, used to maintain or repair products that will be exported within a specified period.

Benefits of a PCBS Inward Processing Rebate:

  • Improves manufacturers’ cash flow and working capital and promotes the local manufacturing industry. 
  • Guarantees that customs authorities receive payment of duties and taxes if manufacturers fail to comply with terms and conditions. 
  • Boosts trade.

Apply for a PCBS Facility or Bond in 2 steps:

  1. Download and complete the relevant application form
  2. Email the completed form and all supporting documents to your broker or to info@pcbs.co.za
Inward Processing Rebate Bond Facility
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Inward Processing Rebate Bond
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FAQs

Importers, exporters, customs clearing agents and bonded warehouse operators require Customs Bonds to comply with the South African Revenue Service’s (SARS) customs regulations and the payment of duties and taxes. 

Customs bonds eliminate the need for upfront payments of taxes and duties, improving cash flow for importers, exporters, customs clearing agents and bonded warehouse operators, while guaranteeing payment to SARS. A tax deferment operates much like a credit facility.  

PCBS requires the following documents for Customs Bonds applications: 

  • Last 2 years’ audited financial statements (or draft financial statements) 
  • Latest management accounts 
  • Debtors age analysis 
  • 3 Months’ statement of account with relevant authority 
  • 3 Months’ bank statements 
  • Personal statements of assets and liabilities 
  • Company registration and tax clearance certificates 
  • Company/group organogram reflecting shareholding structure 
  • ID copies for all members 
  • All business insurance schedules 
  • Company profile 
  • Bond history  

Protect your projects fast

Our quick turnaround times ensure you can confidently start your projects within days of applying for PCBS guarantees and facilities.

24 to 48 hours*

For quotes

24 to 48 hours*

For drafts

24 hours**

For original guarantees

*Once all required documents have been received  

**On receipt of proof of payment  

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