<p> DEFERRED PAYMENT SYSTEM FOR CUSTOMS DUTY AND OTHER TAXES</p><p>A security deposit or guarantee is required to cover duties and taxes of (a) temporary imports for re-exportation (which is refunded upon re-export), (b) goods cleared at Dryports, (c) temporarily imported sensitive goods (prohibited/restricted, high-tariff, or smuggling-prone) of investment firms, or (d) goods in dispute (i.e. with claims of exemption). However there is no drawback system. A bank deposit is the acceptable form of security. </p><p>Deferred or post-entry payment of duties is not provided by the 1989 law although regulations allow a 1 week to 10 day period between release and due date for companies with a good track record. However this is rarely used. The draft Customs law covers this.</p>