Customs Bonds
Removal in Transit Bond
Surety to eliminate the need to pay customs duties and taxes on goods being transported by road to a specified destination.
Our Removal in Transit Bonds ensure that transport companies deliver goods to intended end users without having to pay duties while the goods are in transit.
Benefits of a PCBS Removal in Transit Bond:
- Improves transport companies’ cash flow and working capital.
- Guarantees that customs authorities receive payment if transit regulations are violated.
Apply for a PCBS Facility or Bond in 2 steps:
- Download and complete the relevant application form
- Email the completed form and all supporting documents to your broker or to info@pcbs.co.za
FAQs
Who needs a Customs Bond in South Africa?
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.
Why are Customs Bonds important?
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.
What documents are required to apply for a Customs Bond?
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