INDUSTRIES & SERVICES DIRECTORATE

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BANK GUARANTEE UNIT

The Bank Guarantee Unit (BGU) headed by a Superintendent of Customs, falls within the Administration & Securities Branch which is headed by a Deputy Director of Customs of the Industries & Services Directorate. The BGU, together with the the Superintendent of Customs, is staffed with three Assistant Superintendents of Customs.

RESPONSIBILITIES

  • Bank Guarantees as security against suspended Customs liabilities,
    • Acceptance to cover intended liabilities,
    • Renewal prior to expiry to cover any existing liabilities,
    • Release upon fulfillment of liabilities,
  • Liaison with commercial banks in relation to Bank Guarantees,
  • Update relevant registers on imports reflecting import liabilities,
  • Update relevant registers on exports reflecting available credits.