A company can lodge an individual guarantee at a customs office for covering the customs debt or tax debt incurred for an individual transit or import transaction, or for covering customs duty and tax liability. The guarantee must cover the entire amount of debt and liability.
An individual guarantee can be lodged in connection with the release of goods into free circulation, temporary admission, end-use, inward processing, outward processing or transit.
Customers can lodge a guarantee at a Customs cashier or as a giro transfer to Customs’ bank account. After lodging a guarantee, you then sign a pledge. “Pledge” refers to the release of a pledge (guarantee) to the debtor for covering a specific debt or a possibly incurred debt.
After a guarantee is lodged and the pledge is signed, goods can be placed under the transit procedure or some other customs procedure.