In some administrations Customs allow what is known as a flat rate security. In this type
of security a guarantor is allowed to furnish a single security for a specified amount laid down in
national legislation. This flat rate guarantee covers the payment of duties and other charges
which may become due in the course of a Customs operation carried out under the guarantorís
responsibility, irrespective of who the declarant may be. A flat rate security must normally be
lodged with a specified Customs office that is responsible for acceptance of this form of
security