Import Duty Financing
Import duty financing is a short-term facility available to importers for a maximum duration of 180 days, catering for port charges and custom duty, thus avoiding storage and demurrage charges.
Features
- Amount Financed; 100% of correctly calculated Duties and Taxes as per KRA’s guideline
- Minimum amount KES 50,000. No maximum
Benefits
- We assist the importer(s) avoid high port, storage and demurrage charges
- We assist Importers avoid auction of their property at the port
- Can be financed at any Family Bank branch countrywide
Requirements
- Must be an importer of authorised goods and services in Kenya e.g. raw materials, machinery, electronics, etc
- Importers of second-hand motor vehicles (individuals, companies or motor vehicle dealers)
- Import duty finance facility
See also:
Pre-Shipment Finance
Get working capital prior to delivery
Invoice/Certificate Discounting
Get cash advances on unpaid invoices
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