Business

New customs tariffs starting September 1

Cabinet has approved a new customs tariff which will be implemented on September 1st.

Minister in the Ministry of Finance Ryan Straughn says more information will be made available in the weeks ahead but it has become necessary.

Speaking during yesterday’s post-cabinet media briefing, he says the last time the customs tariff was revised was in 2009.

Mr. Straughn says the tariff will be implemented along with ASYCUDA World, which will see the operations at both air and seaports becoming completely paperless and allowing more time for customs officials to do adequate screening.

As it relates to ASYCUDA World, Mr. Straughn says they have engaged the various stakeholders across the private sector over the last few months with respect to using the software which will allow the smooth clearance of goods.

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