Each country will select the appropriate financial institution(s) or Customs authority responsible for assessment and collection of the AU import levy.
Once the Revenue is collected as AU import levy, it is then deposited into an account opened in name of the ‘African Union’ with the Central, National or Reserve Bank of each Member State. Once the fiscal authorities give the authorization such accounts will be opened. The funds therein are then remitted to a designated bank account of the Union in accordance with each Member State’s assessed contribution.
The amount the AU can access from the National Accounts shall however be limited to the assessed contributions for the financial year.