Release of Goods. 1. Each Party shall adopt or maintain simplified customs procedures for the efficient release of goods in order to facilitate trade between the Parties. 2. In accordance with paragraph 1, each Party shall ensure that its customs administration or competent authority adopt or maintain procedures that: (a) provide for the release of goods within a period no longer than that required to ensure compliance with its customs laws and to the extent possible within 48 hours following the goods' arrival; (b) provide for advance electronic submission and processing of information before physical arrival of goods to enable the release of goods on arrival; (c) allow goods to be released at the point of arrival without temporary transfer to warehouses or other facilities; and (d) allow importers to withdraw goods from customs before, and without prejudice to, the final determination by its customs administration of the applicable customs duties, taxes, and fees. 3. A Party may require an importer to provide sufficient guarantee in the form of a surety, a deposit, or other appropriate instrument, covering the ultimate payment of the customs duties, taxes, and fees in connection with the importation of the good.
Appears in 26 contracts
Samples: Trade Agreement, Trade Agreement, Trade Agreement
