IMPORT DUTY FINANCING

A short-term loan facility called import duty financing is provided to importers for up to 180 days. It covers port fees and customs duty, preventing the need for storage and demurrage fees.

Import Duty Financing Service in Kenya

A short-term loan facility called import duty financing is provided to importers for up to 180 days. It covers port fees and customs duty, preventing the need for storage and demurrage fees.

Importing is a capital-intensive business procedure, therefore company owners must always retain enough working capital on hand to keep things operating properly. The fact that the majority of clients use credit negatively impacts trading organizations’ cash flow.

The goal of Import Duty Financing (IDF) at Together As One is to finance importers who require the smoothest possible clearance and shipment of imported cargo from the port or airport of origin to the final destination.

The approach focuses on importers of goods and services. These funds are made accessible to borrowers who require capital to execute import operations, particularly in times of limited cash flow.

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Requirements For Import Duty

Import Duty Financing is a short-term credit facility that Together as One offers importers of cars and other container goods to clear port fees on their behalf, enabling quicker settlement of duty charges at the Kenya Revenue Authority (KRA) and other authorities in order to avoid storage and demurrage charges.Payments or disbursements are made directly to the service providers customers account in KRA or against Proforma invoices. Together As One offers import duty finance to importers of raw materials, used automobiles , machinery, equipment, and electronics.

Our import duty finance will pay the full amount of a third-party invoice or quote raised, by KRA, clearing agent, freight company, etc. up to 100% . Minimum amount KES 50,000. No maximum

Import Duty finances will be deposited directly to Kenya Revenue Authority (KRA) and Kenya Ports Authority (KPA)

Our Import duty interest rates are low and on reducing balance

The Import duty finance loan is payable within a period not exceeding twenty-four months (24 months)

The Import Duty Finance Service In Kenya Product Is Tailored For The Following Businesses

Importers Of Motor Vehicles And Equipment In Kenya

For own use (Individual or company) we offer import duty financing. For sale (Motor Vehicle dealers) we offer import duty financing.

Importers Of Second Hand Items

Import duty finance in Kenya can be offered to business people who are in the business of importing second hand goods that are meant to be sold in the Kenyan market or regional markets.

Importers Of Other Goods

E.g. manufacturers (raw materials), construction materials suppliers or other businesses etc.

Clearing And Logistics Firms:

These are firms that offer clearing and forwarding services as well as logistical solutions

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Import Duty Financing Requirements

Import Duty Financing Requirements

If you’re looking for import duty finance in Kenya we are the best company to finance your import duty.to qualify for import duty finance you need to have the following

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