Article 342. Use of pledged goods as security for payment of customs charges

Pledged goods can be used as security for payment of customs charges based on a pledge agreement.

Any goods can be the subject of a pledge, except for the following:

electrical, thermal and other types of energy;

enterprises, buildings, structures, infrastructure, land plots, space objects;

goods already pledged to secure another obligation;

objects of intellectual property;

goods prohibited for import into the customs territory;

perishable goods;

animals;

goods located outside the Republic of Uzbekistan;

goods with limited sale opportunities;

goods for which a customs authority cannot ensure permanent control over location and use;

products and production wastes, free sale of which is prohibited in accordance with the law.

Goods transported across the customs border and are subject to certification or control by other state bodies can be pledged only if there are certificates, authorizations and other documents required for release of goods.

Assessment of a pledged object shall be conducted at the expense of a pledger to determine its market value according to the requirements of the legislation on evaluation activities.

Market value of a pledged object cannot be less than the amount of the obligation for customs charges, payment of which is secured by the pledged item including fifteen percent of the market value of goods to cover required costs for its storage and sale.

In the cases provided for in Articles 93 and 235 of this Code, as well as in the licensing of customs warehouse, duty-free shop and free warehouse activities, pledging of goods shall not be applied as security for payment of customs payments.