1.Where, in accordance with customs rules, the customs authorities require security to be provided in order to ensure payment of a customs debt, such security shall be provided by the person who is liable or who may become liable for that debt.
2.The customs authorities shall require only one security to be provided in respect of one customs debt.
Where security is provided under a customs procedure which may be used for specific goods in several Member States, that security shall, as laid down in the provisions adopted under the committee procedure, be valid in the Member States concerned.
3.The customs authorities may authorize the security to be provided by a person other than the person from whom it is required.
4.Where the person who has incurred or who may incur a customs debt is a public authority, no security shall be required.
5.The customs authorities may waive the requirement for provision of security where the amount to be secured does not exceed ECU 500.