How much guarantee does the Principal need to lodge for a single journey guarantee under the ASEAN Customs Transit System (ACTS)?
If the Principal intends to take up a single journey guarantee to cover a single transit movement, the guarantee amount should cover the potential amount of duties and taxes, in addition to any currency fluctuation buffer. The guarantee amount is based on the highest amount of duties, taxes and charges applicable on goods in all the countries involved in the transit movement.
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 multiple 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)?
Will the duties, taxes and other charges applicable in the country of departure?
What will happen if the amount of guarantee lodged is insufficient for any particular transaction?
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