Import and export declaration charges to be halved from August 1

     The import and export declaration charges (TDEC) specified in the Import and Export (Registration) Regulations (Cap 60E) (the regulations) will be halved with effect from August 1 this year to ease business costs for the import and export trade.

     A spokesman for the Commerce and Economic Development Bureau said today (July 18) that the Legislative Council passed the Import and Export (Registration) (Amendment) Regulation 2012 yesterday (July 17) to halve the TDEC as proposed in the 2012-13 Budget, with the new charges to be implemented on August 1.

     The new charges will not affect the arrangements for the lodgement of declaration and payment of levy. Any enquiries from traders can be directed to the Customs and Excise Department, the Census and Statistics Department or the three service providers, namely the Government Electronic Trading Services (Brio Electronic Commerce Limited, Global e-Trading Services Limited and Tradelink Electronic Commerce Limited).

     At present, as stipulated under the regulations, any person who imports, exports or re-exports any article other than an exempted article is required to lodge with the Commissioner of Customs and Excise an import or export declaration within 14 days and pay the charges.

Ends/Wednesday, July 18, 2012
Issued at HKT 14:01