What will happen if the amount of guarantee lodged is insufficient for any particular transaction?
If the amount of guarantee lodged is insufficient to cover any particular transaction, the ASEAN Customs Transit System (ACTS) will not allow the transit movement to proceed. The Principal is required to take up a new guarantee before proceeding with 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 single journey guarantee 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)?
Does the movement of goods under the ASEAN Customs Transit System (ACTS) require any kind of financial security?
On what basis can the Guarantor be liable for the duties and taxes under the ASEAN Customs Transit System (ACTS)?
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