Customs guarantee - how not to freeze your money at customs?
There are many responsibilities involved in running an import business, and one of the key aspects is to customs guarantee, also referred to as customs security. It allows traders to significantly streamline customs processes, avoiding the need to freeze their own financial resources.
What is a customs guarantee?
To answer this question, we invite you to watch the next episode of Target Tips, in which Marcin Szreder explains what a customs guarantee is and how it can help importers and hauliers to optimise customs clearance.
A customs guarantee is a form of security that allows importers and transporters to avoid immediate payment of customs and tax duties to customs. It can be used in both transit, as well as imports. In practice, this means that traders do not have to pay customs duties immediately - instead, their obligations are guaranteed by a third party, such as a bank or customs agency.
How do I obtain a customs guarantee?
To take advantage of this facility, a customs agency - such as the Alfa Customs Agency - applies to the bank on behalf of its clients, where it obtains the relevant guarantee. It then submits an application to the customs and tax office for the approval of a guarantee for a certain amount. The higher the guarantee, the greater the ability to handle large transactions and shipments without blocking the company's financial resources.
Why is this beneficial for entrepreneurs?
Companies working with an agency that has a high customs guarantee - such as the. Alfa Customs Agency with a limit of PLN 10 000 000 - they do not have to commit their own money at the time of severance. This is a huge advantage because:
Customs guarantee in practice - rely on proven solutions
Working with an experienced customs agency that has a high guarantee gives importers and traders a peace of mind and flexibility in financial management. Want to find out more about how to use the customs guarantee for your business? Contact our expert
Customs guarantee and other clever tips in the cycle ACCURATE TIPS
