3. Guarantees (Transit Manual Part III refers)

Processes regarding guarantees including types, how reference amounts are calculated and when guarantees are released.

Customs duties and other charges applicable to goods are temporarily suspended when goods enter into a Transit movement. In order to ensure the payment of duties and other charges when a (customs) debt is incurred in the course of a Transit operation, the holder of the procedure must provide or acquire a guarantee. This section explains amongst other things:

  • types of guarantee that can be used
  • how the reference amount should be calculated
  • when the guarantee is released