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Criterion of financial solvency for the reduction or waiver of a comprehensive guarantee

Michael Lux Attorney at Michael Lux BV, former Head of Unit 'Customs Legislation' at EU Commission
January 14, 2025
Criterion of financial solvency for the reduction or waiver of a comprehensive guarantee

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This article deals with legal changes in relation to the criterion of financial solvency that were introduced in 2018 but have not yet been noticed by many traders and taken into account by some customs authorities. These changes allow for a more flexible approach to the assessment of economic operators' financial solvency when authorisations for a reduction or waiver of a comprehensive guarantee are requested or to be maintained.

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