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.
Installment Credit is a Loan with Specified Monthly Payments, Terms, and Interest. An installment loan is a credit account where you borrow a fixed sum of money and agree to make monthly payments of a set dollar amount until the loan is paid off. An installment loan can have a repayment period of months or years. Some common types of installment loans that are often seen on credit reports are home mortgages and car loans, and typically involve fixed or variable interest rates with some requiring additional fees.