Temporary Importation (Tariff Item No. 9993.00.00) Regulations

5 (1) Subject to subsection (3), where goods referred to in section 2 are not accompanied by a valid carnet, the importer of the goods shall give security, in an amount fixed by the Minister in accordance with the conditions set out in tariff item No. 9993.00.00, to ensure

• (a) the exportation or destruction of the goods under that tariff item, within the eighteen-month period referred to in that tariff item or any extension of that time period under section 3; or

• (b) the payment of the customs duties that would be payable in respect of the goods pursuant to the Customs Tariff if the goods were classified under their applicable tariff item.

(2) Security required by subsection (1) shall be deposited with a customs officer and shall be in the form of

• (a) cash;

• (b) a certified cheque;

• (c) a transferable bond issued by the Government of Canada; or

• (d) a bond issued by

  • (i) an entity that is licensed or otherwise authorized under the laws of Canada or of a province to carry on the fidelity or surety class of insurance business and that is recommended to the Treasury Board by the Office of the Superintendent of Financial Institutions as an entity whose bonds may be accepted by the Government of Canada,

  • (ii) a member of the Canadian Payments Association pursuant to section 4 of the Canadian Payments Association Act,

  • (iii) a corporation that accepts deposits insured by the Canada Deposit Insurance Corporation or the Régie de l'assurance-dépôts du Québec to the maximum amounts permitted by the statutes under which those institutions were established,

  • (iv) a credit union as defined in subsection 137(6) of the Income Tax Act, or

  • (v) a corporation that accepts deposits from the public, if repayment of the deposits is guaranteed by Her Majesty in right of a province.

(3) No security in respect of customs duties is required

• (a) on originating goods;

• (b) on goods intended for display or demonstration at a convention or exhibition held in Canada by any level of government, in Canada or in a foreign state;

• (c) where the customs duties applicable on the goods are equal to or less than $100.00;

• (d) where there is evidence that the goods will be exported; or

• (e) on commercial samples and advertising films imported from the United States, Mexico, Chile or Costa Rica.