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HMRC internal manual

Anti-dumping and countervailing duties

Control: guarantees

There are various checking procedures that should be carried out to ensure that:

  1. the wording is as set out in ADCD02500 
  2. the bank undertaking the guarantee is on the list of approved banks set out in A1-2 (Financial Securities)
  3. where a financial limit is included, the amount specified is sufficient to cover any potential ADD due
  4. a local reference number should be allocated for each standing guarantee
  5. this number should be advised to the importer/agent for use in future entries where appropriate
  6. details of the guarantee should be retained and filed locally.