How can payment be made by the Guarantor under the ASEAN Customs Transit System (ACTS)?

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Accepted Answer

If the Customs Authority staking the claim is based in the same country as the Guarantor, the former can simply submit the claim directly to the Guarantor. If the Customs Authority is based in a different ASEAN country from the Guarantor, the former can submit the claim via a correspondent bank (based in the same country as the Customs Authority) which then passes the claim to the Guarantor. The Guarantor has 30 days to pay directly to the Customs Authority in the currency of that country.

You may refer to our website for more information on the ASEAN Customs Transit System (ACTS) here.

How can payment be made by the Guarantor under the ASEAN Customs Transit System (ACTS)?

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