Dutch and EU legislation often requires freight companies, forwarding agents, customs agents, companies with excise warehouses and businesses generally involved in import and export to post guarantees. These are guarantees related to the deferred payment of VAT and excise duty at the moment of importation (monthly payments), drawing up community documents, exemption from customs duties, storage of goods in a customs warehouse and in an excise warehouse and seaport dues.
The European Union runs refund programs that are payable when agricultural products are exported to non-EU countries. In the Netherlands various commodity boards run these programs. Guarantees are required when refunds are made in advance. The reverse also happens when agricultural products are imported.
If you want to know more about customs or EU guarantees feel free to contact feel free to contact one of our relationship managers in Amsterdam or Antwerp.