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Customs Glossary/Flat-Rate Security

Flat-Rate Security

Customs procedures

PL: Zabezpieczenie ryczałtowe | DE: Pauschalsicherheit

Definition

Flat-rate security is a form of comprehensive guarantee at a fixed amount, used when the customs debt cannot be precisely determined at the time of providing security. Used in transit procedures where the reference amount is calculated based on operation history. AEO holders may obtain reduced amounts.

Related Terms

Flat-Rate Security — Customs Glossary | Celna24.com | Celna24.com