ResearchPolicy2026-10-07
Two-step declaration plus consolidated duty payment trims in-transit working capital for transit trades by roughly a third
Customs' two-step declaration decouples documents from cargo and advances the release point; consolidated duty payment lets traders settle levies on a ten-day or monthly cycle against a revolving bank guarantee. Together they materially lower the working capital locked in transit for crude and product re-exports, improving both clearance speed and cash flow.