Article 329. Conditions for granting a deferral or installment plan for payment of customs charges

A payer can be granted a deferral or installment plan for payment of customs charges based on decision of a customs authority.

Deferral of payment of customs charges is extension of the deadline for payment of customs charges for an additional period.

Installment plan for payment of customs charges is extension of the deadline for payment of customs charges for an additional period with the amount of payable customs charges paid in installments.

Deferred or installment payment of customs duties may not exceed sixty calendar days and be less than fourteen calendar days from the date of acceptance of the customs declaration, except for the cases provided for in parts five and eleven of this Article.

A deferral or installment plan for a period of one hundred and twenty calendar days from the date of acceptance of the customs declaration is provided:

for the payment of customs duties to manufacturing enterprises in relation to goods imported into the customs territory and used for the production of products;

for the payment of customs duties — to microfirms and small enterprises in the sphere of material production and services, farmer entities, as well as dekhkan farms with the formation of a legal entity in relation to goods imported for their own needs.

A deferral or installment plan for payment of customs charges can be granted for one or several types of customs charges as well as for the entire payable amount or part of it.

Decision to grant a deferral or installment plan for payment of customs charges shall be made by a customs authority within a period of not more than five working days from the date of submission of required documents specified in Article 330 of this Code.

Decision of a customs authority shall indicate the period of validity for deferral or installment plan for payment of customs charges and in case of refusal to grant it — reasons for refusal.

A deferral or installment plan for payment of customs charges shall be granted with condition that security for payment of customs charges is provided in the manner prescribed by Chapter 47 of this Code.

The right to installment payment of customs duties is granted to participants in foreign economic activity engaged in the import of goods for more than three years, regularly (or timely) fulfilling obligations on customs payments, but due to financial situation unable to pay them on time. In this case, the opportunity to pay customs duties in installments can be provided without the use of security for the payment of customs duties for a period of six months in an amount not exceeding fifty percent of the amount of customs duties paid over the last three years.