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Rising interest on duties: increasing costs of errors in customs declarations

Jurgita Bartninkienė Head of Customs Brokerage and Customer Service, First Logistics UAB
August 05, 2023
en lt
Rising interest on duties: increasing costs of errors in customs declarations

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Those who pay their mortgages have become accustomed to paying higher interest rates. However, this applies not only to mortgages, but also to other interest and late payment charges that we may not think about in practice. For example, increased interest on customs duties, which are additionally charged by customs authorities when discrepancies are found after customs clearance.

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