Section 100: Comprehensive guarantee

1 Comprehensive guarantee provided for under section 95 (6) of this Act may be granted only to persons that -
a are established in the customs territory;
b have a demonstrated record of compliance with the customs and tax requirements;
c are regular users of the customs procedures involved and are known to the Service to have the capacity to fulfill their obligations in relation to those procedures.

2 Where a comprehensive guarantee is to be provided for a customs debt, a person may be authorised to use a comprehensive guarantee with a reduced amount provided that the following criteria are met -
a a satisfactory system of managing commercial and where appropriate, transport records, as determined by a customs audit conducted, which allow the application of appropriate customs controls; and
b proven financial solvency based upon audited accounting records.