The country of first entry point shall collect the customs duties on consignments of goods and deposit them in the customs union accounts for the purposes of setoff for the benefit of the country of final destination within the GCC states upon presenting a proof of arrival of such consignments in that country.
Installment debt involves paying a certain amount each month over a predetermine period of time. An automobile loan is an installment debt. An interest rate is applied and paid out over say three to five years in most cases. Installment debt payments rarely change as most are fixed rate loans. However, the installment payment can be ignored if there are less than 10 months remaining, boosting borrowing power.
AnnaMaria Andriotis. A growing number of car loans will take nearly two presidential terms to pay off. The typical duration of a new-car loan rose slightly to 64 months in the second quarter of 2012, according to data released Tuesday by Experian. Thatâs up slightly from a year ago and the highest since 2008. But in many cases, borrowers are signing up for even longer loans.