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TITLE IIIU.K. CUSTOMS DEBT AND GUARANTEES

CHAPTER 2 U.K. Guarantee for a potential or existing customs debt

Section 1 U.K. General provisions

Article 83U.K.Forms of guarantee other than a cash deposit or an undertaking given by a guarantor(Article 92(1)(c) of the Code)

1.The forms of guarantee other than a cash deposit or an undertaking given by a guarantor shall be the following:

(a)the creation of a mortgage, a charge on land, an antichresis or other right deemed equivalent to a right pertaining to immovable property;

(b)the cession of a claim, the pledging, with or without surrendering possession, of goods, securities or claims or a savings bank book or entry in the national debt register;

(c)the assumption of joint contractual liability for the full amount of the debt by a third party approved for that purpose by the customs authorities or the lodging of a bill of exchange the payment of which is guaranteed by such third party;

(d)a cash deposit or means of payment deemed equivalent thereto other than in euro or the currency of the Member State in which the guarantee is required;

(e)participation, subject to payment of a contribution, in a general guarantee scheme administered by the customs authorities.

2.The forms of guarantee referred to in paragraph 1 shall not be accepted for the placing of goods under the Union transit procedure.

[F13. The customs authorities shall accept the forms of guarantee referred to in paragraph 1 in so far as those forms of guarantee are accepted under national law.]

Textual Amendments