Regulation 95 GuaranteeC1C2C3C4I1I2
A guarantee in respect of a liability or potential liability to pay import duty required by or under these Regulations must—
guarantee the payment of the specified amount in respect of a liability to which the guarantee applies within the applicable period required for discharge of the liability provided by regulation 43;
be in a form specified in a notice published by HMRC; and
be for a period approved by HMRC.
HMRC may require that a guarantee extends to the payment of any charges in relation to the specified amount.
HMRC must publish a notice specifying the forms of guarantee that may be approved.
A guarantor may cancel a guarantee by notice to HMRC specifying the date on which the guarantee will cease to have effect which must be at least 15 days after the date on which the notice is received by HMRC.
Annotations
Modifications
- C1
Pt. 10 modified (31.12.2020) by S.I. 2018/1247, Sch. 2 para. 6 (as inserted by The Customs and Excise (Miscellaneous Provisions and Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1215), regs. 1(2), 10(4); S.I. 2020/1643, reg. 2, Sch.)
- C2
Pts. 1-10 applied (with modifications) (31.12.2020) by The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605), regs. 1(1), 32; S.I. 2020/1643, reg. 2, Sch.
- C3
Pt. 10 modified (31.12.2020) by S.I. 2018/1258, Sch. 3 para. 4(1C) (as inserted by The Customs and Excise (Miscellaneous Provisions and Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1215), regs. 1(2), 13(3)(a)(ii); S.I. 2020/1643, reg. 2, Sch.)
- C4
Pt. 10 modified (31.12.2020) by S.I. 2018/1249, reg. 4(3) (as inserted by The Customs and Excise (Miscellaneous Provisions and Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1215), regs. 1(2), 12(2)(e); S.I. 2020/1643, reg. 2, Sch.)
Commencement
- I1
Reg. 95 in force at 2.1.2019 for specified purposes, see reg. 1(4)(d)
- I2
Reg. 95 in force at 31.12.2020 in so far as not already in force by S.I. 2020/1643, reg. 2, Sch.