Customs Guarantee

A customs guarantee is an agreement to pay for customs debt that has already occurred, referred to as actual debt, or that will occur as a result of certain customs special processes, referred to as potential debt.

When duty is not paid at the time of import or export, a customs guarantee is often required. Additionally, a guarantee may be required when the value of import tariffs is uncertain or contested. If you do not make timely payments of duties or charges, your guarantor becomes accountable for them.