How much guarantee does the Principal need to lodge for a multiple journey guarantee under the ASEAN Customs Transit System (ACTS)?
If the Principal intends to take up a multiple journey guarantee, the guarantee amount will be based on a reference amount, which shall be equivalent to the potential amount of duties and taxes which may be incurred in respect of the goods which the Principal places under the ASEAN Customs Transit System (ACTS) procedure for a period of at least seven days.
You may refer to our website for more information on the ASEAN Customs Transit System (ACTS) here.
Related questions
How much guarantee does the Principal need to lodge for a single journey guarantee under the ASEAN Customs Transit System (ACTS)?
On what basis can the Guarantor be liable for the duties and taxes under the ASEAN Customs Transit System (ACTS)?
What will happen if the amount of guarantee lodged is insufficient for any particular transaction?
Does the movement of goods under the ASEAN Customs Transit System (ACTS) require any kind of financial security?
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