How can payment be made by the Guarantor under the ASEAN Customs Transit System (ACTS)?
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.
Related questions
On what basis can the Guarantor be liable for the duties and taxes under the ASEAN Customs Transit System (ACTS)?
How much guarantee does the Principal need to lodge for a multiple journey guarantee under the ASEAN Customs Transit System (ACTS)?
Who is liable for duties and taxes if goods under the ACTS go missing during the transit movement?
Who will be eligible to use ASEAN Customs Transit System? How do I register to be an ACTS trader?
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