What is Periodic Monthly Statement (PMS)?
Periodic Monthly Statement (PMS) is a Custom’s program for duty payment. Instead of a transaction-by-transaction payment process, PMS offers an interest-free periodic monthly statement process. Importers or brokers pay for all shipments released during the previous calendar month by the 15th working day of the following month. This benefit is offered to ACE participants.
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- What is Periodic Monthly Statement (PMS)?
