Equipment that is imported on a temporary basis for a given project is also admissible under the General Rebate of duty concession. Here it is important to note that the equipment and parts thereof should be imported under cover of a bond the amount of which is equivalent to customs duties and/or VAT applicable. The bond is valid for a limited period only, as follows: equipment attracting VAT is covered by a three (3) months bond while equipment attracting customs duties is covered by a six (6) months bond. That is to say, after the elapse of the bond period, applicable customs duties and/ or VAT become due and payable and, the bond will then be called to suit as customs duties and/ or VAT. A bond form can be collected from the headquarters of the BURS – Customs Division (Excise Unit) and lodged with any recognised commercial bank or insurance company in Botswana.