Article 345. Use of insurance as security for payment of customs charges

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

An insurance policy, which confirms entry into force of an insurer's obligations under a payer's third party liability insurance contract, can be used as security for payment of customs charges.

Amount of security for payment of customs charges, which is confirmed by an insurance policy, must not be less than the amount of customs charges and payable interest.

If a payer fails to fulfill an obligation secured by an insurance policy, a customs authority shall collect the amount of customs charges and payable interest from the insurer that issued an insurance policy 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 345. Use of insurance as security for payment of customs charges Customs code of the Republic of Uzbekistan. neolex.uz/en/laws/law-2876352/345 (lex.uz/docs/5535133)