Declaring Agent tried to apply for a temporary import permit but encountered a rejection message "PLS CHECK BANKER'S GUARANTEE". What does it mean?
The rejection message could be due to the following reasons:
- Declaring Agent (DA) and/or importer did not lodge Banker's Guarantee (BG) with Singapore Customs;
- DA and/or importer did not lodge sufficient BG;
- The wrong party's security was indicated in the "BG Indicator" field in the permit application ("I" for importer/exporter's security to be used and "D" or blank for DA's security to be used).
For more information on the security amount required for permit applications, please refer to Singapore Customs website.
Related questions
To apply temporary import permit, is it a must to lodge a Banker Guarantee with Customs?
I received Customs Banker's Guarantee (BG) renewal letter. However, my entity did not lodge any security with Customs. What should I do with the letter?
What are the transactions where security (in the form of a Banker's Guarantee, Finance Company Guarantee or an Insurance Bond) is required?
My permit application is rejected due to "INSUFFICIENT BG LODGED WITH CUSTOMS". What should I do?
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