PART THREE

Chapter Seven (Guarantee)

44.  Conditions for Guarantee

1.      The Authority may release goods upon receiving guarantee for the following reasons:

a.       When an extension of time is required to fulfill documents necessary for the accomplishment of customs formalities;

b.      when documentary proof is required to ascertain the re-exportation of duty relieved temporarily imported goods;

c.       when it is necessary to ascertain that transit goods have been exited through the approved customs port of exit or arrived at the predetermined customs port of destination;

d.      when it is necessary to ascertain the exportation of goods which are produced by duty relieved imported raw materials;

e.       until the disputes on tariff classification or price valuation of goods are settled;

2. Goods seized by reasons of contravention of customs laws, except those goods seized due to contraband, prohibition, restriction or goods required as evidence by court, may be released by the Authority upon receiving sufficient guarantee until a final decision is passed upon.

45.  Amount of Guarantee

1.      The amount of guarantee for the goods specified in sub-Article (1) of Article 44 of this proclamation shall not be less than the duties and taxes payable for the goods.

2.      The amount of guarantee for the goods specified in sub-Article (2) of Article 44 of this proclamation shall be equal to the value of the goods and duties payable for the goods;

46.  Types of Guarantee

1.      A guarantee to be accepted by the Authority shall be cash deposit or document of guarantee given by insurance or bank registered in accordance with Ethiopian laws.

2.      Guarantee given under this proclamation shall be governed by suretyship provisions of the civil code.

3.      The Authority shall decide on methods of payment of the guarantee.

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