Customs security definition

Customs security means encashable financial guarantee acceptable to Customs, submitted by the traders or their authorised agents or brokers on transit goods for an amount equivalent to the import levies of the host country, and transport operators or their authorized representatives on Afghan commercial vehicles, for an amount covering the duty and taxes on their vehicles as per prescribed rules;

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Customs security means the securities authorised under Part 9 of the Customs and Excise Management Act 2007;

Customs security means encashable financial guarantee acceptable to Customs, submitted by the traders or their authorised agents or brokers on transit goods for an amount equivalent to the import levies of the host country, as per prescribed rules;

Examples of Customs security in a sentence

• A customs bond, if required, must be filed with the applicable United States Customs Service office before a badge may be issued to allow access to the applicable Customs security area.

• If Consultant Personnel are required to provide Services in a Customs security area of the Airport, Consultant or its Subconsultants/Subcontractors may be required to furnish a Customs Security Bond in accordance with Title 19 C.F.R. Part 113, in such amount and subject to such conditions as may be required by the Commissioner of Customs.

• Customs security can be defined as the state of protection of national interests of the state, the observance of which is entrusted to customs administrations, which makes it possible in different external and internal conditions, regardless of any threats, to carry out customs business.

• A customs bond, if required, must be filed with the applicable United States Customs Service office before a Badge may be issued to allow access to the applicable Customs security area.

• If Consultant Personnel are req uired to provide Services in a Customs security area of the Airport, Consultant or its Subconsultants/Subcontractors , at their Cost, may be required to furnish a Customs Security Bond in accordance with Title 19 C.F.R. Part 113, in such amount and subject to such conditions as may be required by the Commissioner of Customs.

• It contains in one section general provisions, setting forth rules regarding duties and taxes, Customs security, sealing of transport unit, and specifying transit routes and Customs offices of each Contracting Party.

• Employees will be subject to the Australian Customs security regime if the vessel concerned is under contract to Australian Customs.

• If access to the Customs security areas at airports is desired, the principal (including its em- ployees, agents, and contractors) agrees to comply with the Customs Regulations in this chapter applicable to Customs security areas at airports.

• If Consultant Personnel are required to provide Services in a Customs security area of the Airport, Consultant or its Subconsultants/Subcontractors, at their Cost, may be required to furnish a Customs Security Bond in accordance with Title 19 C.F.R. Part 113, in such amount and subject to such conditions as may be required by the Commissioner of Customs.

• The Contracting Parties shall undertake to use and accept as Customs security for ensuring the fulfillment of any obligation arising under a Customs transit operation between Pakistan and Afghanistan.

More Definitions of Customs security

Customs security. . This means a deposit of cash or negotiable securities in the form of a bond, or other guarantee, to ensure to the satisfaction of the customs authority that a financial obligation to it will be fulfilled. Customs security can be paid per consignment, or it may be paid as „general‟ security that covers the obligations arising from several customs processing operations (consignments), rather than requiring a separate security for each operation. Normally, the customs authority accepts a general security instead of a separate security in each instance from declarants who declare goods regularly at different offices in the customs territory, and under Article 38 this would be the practice for all eligible assisting international actors. The Article 38 procedures should reduce the need for physical inspection of the goods and equipment imported by eligible assisting international actors, and almost eliminate the need for customs security at all – given the exemptions from import duties and taxes. But if the customs authority requires security, then a guarantee of the eligible assisting actor would normally be sufficient and, in the event that a monetary guarantee is still required, this could be done by way of a general security rather than per consignment.