Tag: Customs Duties


Botched digital customs clearance no help to congestion-hit trade in India

Botched digital customs clearance no help to congestion-hit trade in India

21st October 2020 – A botched digitalisation programme has caused long customs clearance delays in India, exacerbating the country’s container shortage crisis. The ‘faceless assessment’ initiative has been rolled out at ports across India since June, to implement contactless and paperless customs clearance. However, according to the Mundra Custom Brokers’ Association (MCBA), clearance times have increased since the launch, with importers and exporters facing numerous “hidden costs”. “Faceless assessment...

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Businessman jailed for his part in NZ’s largest cigarette smuggling case

A businessman has been jailed for his role in the country’s largest cigarette smuggling case. The man and his company have interim name suppression and appeared at the Auckland District Court on Thursday after earlier admitting charges of defrauding customs, making erroneous entries in customs documents and selling goods without paying duties. The operation involved the smuggling of over 19 million cigarettes into Auckland, hidden inside office cabinets imported...

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Medical equipment, PPEs exempted from import duty, sales tax

KUALA LUMPUR (March 24): The Ministry of Finance (MoF) has exempted import duty and sales tax for the purchase of medical and laboratory equipment, personal protective equipment (PPE) and disposable products by any parties donating to the Ministry of Health (MoH) to help address COVID-19. The Royal Malaysian Customs Department, in a statement today, said this was agreed upon by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz...

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