Under the new provisions, the guarantor must be a bank registered in the European Union and European Economic Area, which is authorized to operate in Romania (i.e. through a branch).
What does it mean for you?
If you carry out operations with excisable products, you must make sure that your bank guarantor is authorized to operate in Romania (i.e. holds a branch here). If not, you must ensure that you will resubmit a new guarantee letter under the new conditions, within the deadline mentioned above.
Partner, DELOITTE România
Senior Manager, DELOITTE România