You may write in to Customs to withdraw a valid security. We will return the original security once we have confirmed that you do not have any outstanding matters with us.
Customs will retain all expired securities. All liabilities of the bank, finance company or insurance company will be fully discharged after the claim period as stated in the security.
Forfeiture of Security
Entities, in particular Declaring Agents, should exercise due diligence before allowing their security to be used for permit applications by another party. Customs may forfeit the security if there is non-compliance with any regulatory requirements.
Authorise a Declaring Agent
You may authorise your Declaring Agent to use your security for your permit applications.
Learn more about authorising Declaring Agents.
After you have authorised your Declaring Agent to use your security, your authorised Declaring Agent may select "I" (for importer/exporter) under the "BG Indicator" field to make use of your security for your permit applications. If the "BG Indicator" field is "D" or left blank, the Declaring Agent's security will be used.