Article 344. Use of a bank guarantee as security for payment of customs charges

Customs code of the Republic of Uzbekistan · Date: 20.01.2016 · In force

A guarantee of a bank, which has a right to conduct banking operations in the Republic of Uzbekistan, can be used as security for payment of customs charges.

The amount of security for payment of customs charges indicated in a bank guarantee must not be less than the amount of customs charges and interest payable.

If the payer fails to fulfill an obligation secured by a bank guarantee, a customs authority shall collect the amount of customs charges and payable interest from the bank that issued the guarantee in an indisputable manner in accordance with the legislation.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/5535133

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Cite as: Article 344. Use of a bank guarantee as security for payment of customs charges Customs code of the Republic of Uzbekistan. neolex.uz/en/laws/law-2876352/344 (lex.uz/docs/5535133)