Guarantees in Favor of Customs Bodies
The permission to perform such activity is valid until August 1, 2004. Absolut Bank has set the maximum limit for a single banking guarantee at US $5 million and the maximum total sum of all valid guarantees at US $25 million.
Currently, Absolut Bank can guarantee fulfillment of the following obligations by foreign trade participants to customs bodies:
Importers' obligations to customs bodies concerning goods subject to mandatory marking by excise tax labels (in accordance with the Customs Committee's letter #01-06/1990 issued on January 31, 2000).
Obligations of customs warehouses' owners concerning goods kept at those warehouses (in accordance with the Customs Committee's letter #01-06/4459 issued on February 5, 2001).
For information, please contact the Correspondent Relations Department at +7 495 995 10 18.
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