Our tailor-made policies for importers and local manufacturers include the following:
This is a guarantee given to clients who have been requested to transport imported goods, for which import duties have not been paid, from a stated point in Ghana to a point of exit to a neighbouring country.
This bond is an affirmation to the Ghana Customs Excise and Preventive Service (CEPS) that the insurance company guarantees to pay the duty on the goods, should the insured fail to transport the goods outside the country (for instance selling the goods in Ghana, leading to the loss of duty revenue to the State).
This bond is granted to clients who import goods to use in Ghana on their visits, and to send those self-same goods back at a stated time.
The Re-exportation Bond is a guarantee up to the total value of import duty payable on the item. Should the visitor fail to send back the goods after the expiry of the visit, and it is found that the goods have been sold (and the duty lost to Ghana), Phoenix Insurance undertakes to pay the duty amount.
This bond is also issued to clients who want to re-export imported goods to another country. The bond guarantees up to the duty payable on the goods, should the client fail to re-export the goods, and it is discovered that they were sold in Ghana.
This guarantee is given to clients who want to export locally produced goods to neighbouring countries.
The bond is a guarantee to CEPS, up to sales tax duty payable on the goods, should the client fail to export the goods, and it is discovered that the goods have been sold in Ghana, and the duty lost to the State.
This bond is granted to companies or individual importers who have requested to be allowed to put their imported goods, on which duties have not been paid, at their warehouses and to pay the duty later.
The bond guarantees to pay CEPS up to the bond value, should the company or individual default in the payment of duty on the goods.
This bond guarantees the company or individual to pay to CEPS up to the bond value, should the goods being removed from one destination to another fail to be delivered at the final destination, leading to the loss of duty to the State.
Custom Agent Bond
This bond is granted to clearing agents. The bond is a guarantee to CEPS on behalf of the clearing agent to pay an amount up to the bond value, should the misconduct of the clearing agent, in the course of his / her duties, result in the loss of customs duty to the State.