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Customs Glossary/Comprehensive Guarantee

Comprehensive Guarantee

Customs proceduresArt. 89, 95 – Regulation (EU) No 952/2013 (UCC)

PL: Zabezpieczenie generalne | DE: Gesamtbürgschaft

Definition

A comprehensive guarantee is a form of customs security covering multiple customs operations (import, transit, warehousing) with a single guarantee. The amount is set at a reference level covering estimated duties for a given period. AEO holders may obtain reductions to 30% or even 0% of the reference amount.

Legal Basis

Related Terms

Comprehensive Guarantee — Customs Glossary | Celna24.com | Celna24.com