Excise duties’ guarantees will respond to the obligations arising in the financial year, in compliance with the Excise Duties’ regulations and will be valid for all community levels in response to the obligations when there is intracommunity circulation of products. They will cover the cost of the expenses that could be incurred as a result of any incidents when assets liable for excise duties in this process are in circulation. This includes the process from the import customs to the establishing of conformity of the National Tax Administration Agency.
These excise duties’ bonds are for different areas, such as bonded warehouse owners, tax warehouse owners, manufacturers, registered operators or fiscal representatives and the products that require this type of guarantee, such as hydrocarbon, tobacco products, alcohol; beer, wine and fermented drinks, derived drinks and intermediate products.
The amount of the bonds varies depending on the product and may range from between 1% and 6%.