TITLE IIICUSTOMS DEBT AND GUARANTEES

CHAPTER 2Guarantee for a potential or existing customs debt

Article 98Release of the guarantee

1

The customs authorities shall release the guarantee immediately when the customs debt or liability for other charges is extinguished or can no longer arise.

2

Where the customs debt or liability for other charges has been extinguished in part, or may arise only in respect of part of the amount which has been secured, a corresponding part of the guarantee shall be released accordingly at the request of the person concerned, unless the amount involved does not justify such action.