On what basis can the Guarantor be liable for the duties and taxes under the ASEAN Customs Transit System (ACTS)?
The Customs Authority that has a stake to the claim will always attempt to recover the Customs duties and taxes due from the Principal first. If the Principal is unable to pay, the Guarantor of the single journey or multiple journey guarantee, a recognised guaranteeing institution, such as a bank or finance company in ASEAN, will pay the duties and taxes to the aforementioned Customs Authority. The instrument that governs the liability of the Guarantor is the Guarantee Undertaking document. There are two formats of the document, catering for single and multiple journey liabilities.
You may refer to our website for more information on the ASEAN Customs Transit System (ACTS) here.
Related questions
How can payment be made by the Guarantor under the ASEAN Customs Transit System (ACTS)?
How much guarantee does the Principal need to lodge for a single 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?
How much guarantee does the Principal need to lodge for a multiple journey guarantee under the ASEAN Customs Transit System (ACTS)?
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