Customs Sufferance Warehouses Regulations

4 (1) An applicant must, before a licence is issued to the applicant, give security in accordance with the requirements of the Financial Security (Electronic Means) Regulations and in an amount determined by the Minister.

(2) The Minister may at any time require a licensee to increase the amount of security given under subsection (1) to an amount sufficient to ensure the payment of any duties payable in respect of goods stored in the sufferance warehouse.

(3) [Repealed, SOR/2024-41, s. 38]