Article 340. Deposit of funds into a treasury account of a customs authority and conditions for their return

Funds in the amount established by Articles 337 and 338 of this Code shall be deposited into a treasury account of a customs authority to provide payer's security for payment of customs charges.

Funds shall be deposited into a customs authority's treasury account (hereinafter referred to as the deposit) in the national currency of the Republic of Uzbekistan, and in foreign currency in cases specified by the legislation.

Interest on the deposit amount shall not be charged while it is kept.

The deposit shall be returned by a customs authority based on a payer's formal application no later than five working days from the date of receipt of the mentioned application.

A payer shall present a formal application to a customs authority for return of the deposit after fulfillment of obligations, but no later than three years from the day following the day of fulfillment of obligations. If a formal application to return the deposit is not submitted within the prescribed period, a customs authority shall transfer the amount of the deposit to the State budget of the Republic of Uzbekistan.

In case if a payer does not fulfill obligations, which are secured by the deposit, deposited funds shall be used from the amount of the deposit towards payment of customs charges.