TPD4140 - Security: physical and financial: Financial Security: level of movement guarantees required for tobacco manufacturers established for less than 2 years.
New manufacturers will be required to provide a movement guarantee. The level of security required is shown in the following table:
| Potential duty level * | Level of security |
|---|---|
| Less than 拢1 million | 25% of the potential duty, subject to a minimum of 拢20,000 |
| More than 拢1 million \nbut less than 拢25 million | 拢250,000 |
| More than 拢25 million \nbut less than 拢100 million | 1% of the potential duty |
| More than 拢100 million | 拢1 million |
The potential duty, in the case of established manufacturers, is the amount of duty suspended on movements in an average week during the previous 12 months
The potential duty, in the case of new manufacturers, will be the amount of duty that the manufacturer expects will be suspended on movements in an average week. The 鈥渁verage鈥� week, in this case, is the expected average of the next 52 weeks.