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Lebanon Valley College 101 N. College Avenue, Danville PA, 17003 Deferred Billing Agreement Student Enrollment Form A deferred tuition plan, allowing for deferred billing until the end of each term,
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LVC - deferred billing stands for Low Value Consignment - deferred billing. It is a process that allows importers to defer the payment of duty and taxes for low-value consignments until a later date.
Importers who are importing low-value consignments are required to file LVC - deferred billing.
To fill out LVC - deferred billing, importers need to provide all the necessary information about the consignment, such as its value, description, origin, and destination. They also need to provide their importer code and any other relevant details.
The purpose of LVC - deferred billing is to simplify the customs clearance process for low-value consignments and allow importers to pay the duty and taxes at a later date, usually after the goods have been sold.
On LVC - deferred billing, importers must report information about the consignment, such as its value, description, origin, destination, and any relevant details about the importer. They may also need to provide additional supporting documents.
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