MD. IMRANUL HABIB’s Post

The current fallback method of valuing used motor vehicles in Kenya is based on the value of a brand new motor vehicle when sold in Kenya less an amount for loss of value due to the usage/depreciation, the profit margin and taxes paid in Kenya. This database is now set to be revised/ updated and the KRA now calls for public participation as below 👇🏾

New regulations in Uzbekistan: The regulations governing the entry of goods into Uzbekistan are set out below: For goods with a value exceeding 50,000 United States dollars, Uzbekistan will arrange for their transport in special escort vehicles. The scope of transport is defined as follows: - Within 200 kilometres, the cost is 680,000 sum, which is equivalent to approximately $55. - For transport over 200 kilometres, the fee is raised to 1.7 million sum, equivalent to approximately $137. Customs vehicles will accompany the transport and, in the case of bulky cargoes, patrol vehicles of the Transport Administration will be present.

Customs & Road Safety Join Forces to Fight Crime & Boost Revenue! Good news, Nigerians! The Comptroller-General of Customs and the new Corps Marshal of the FRSC are teaming up to improve safety and generate more revenue for the country. What this means for you: Reduced Car Theft: Working together, they aim to crack down on stolen vehicles. Properly Imported Cars: A grace period is ending soon! Get your improperly imported car registered before facing enforcement. Safer Roads: Substandard tyres will be confiscated to keep our roads safer. Additionally, the Customs Modernization Project is on its way! This project will: Stop Trader Extortion: Track goods from start to finish, exposing those who try to take advantage. Simplify Trade: Make it easier to get import/export clearances and pay duties. Boost Revenue: The project is expected to generate over $250 billion in revenue! Nigeria is moving forward with safer roads, fairer trade, and a more efficient customs system! Read More: https://lnkd.in/gZrzQfKv #Nigeria #Customs #FRSC #TradeModernization

Customs Value of Imported Used Vehicles

Inviting car importers to Public Participation: Review of the case of Car Importers Association of Kenya v Kenya Revenue Authority and 3 Others (2019) eKLR The case of Car Importers Association of Kenya v Kenya Revenue Authority and 3 Others (2019) eKLR highlights the importance of public participation in governance, particularly in the formulation of policies and regulations that affect the public at large. The case was filed in 2018 by the Car Importers Association of Kenya (Petitioner) against the Kenya Revenue Authority, Commissioner, Customs and Border Control Department, Kenya Revenue Authority, Chief Manager, Value and Tariff, Customs Service Department, Kenya Revenue Authority , and Kenya Ports Authority. The Petitioner challenged the method used by the Kenya Revenue Authority (KRA) to calculate import duty on second-hand vehicles, which was based on the Current Retail Selling Price (CRSP) method. The court emphasized the importance of public participation in the formulation of policies and regulations, holding that the importation of motor vehicles affects the public at large and that stakeholders, including the Car Importers Association of Kenya, should have been involved in the formulation of the CRSP values. The court noted that public participation is a constitutional imperative that requires the public, or that section of the public that would be affected by a policy implementation, to be involved in the formulation of that policy. However, the court dismissed the petition, citing the need for legislative action rather than judicial intervention. This decision highlights the limitations of judicial review in addressing public policy issues and the importance of legislative action in ensuring that public policies are fair and inclusive. Recently, the Kenya Revenue Authority (KRA) announced a public participation exercise to obtain views on the Free on Board (FOB) values for used motor vehicles before implementing a new motor vehicle valuation database. This exercise is a crucial step in ensuring that the valuation process is fair, transparent, and inclusive. It provides an opportunity for stakeholders to contribute to the development of a new motor vehicle valuation database and to ensure that the FOB values for used motor vehicles are accurately determined. This invitation to public participation exercise by KRA is a positive step towards ensuring that the valuation process is fair, transparent, and inclusive.

The Ethiopian Customs Commission (#ECC) has announced the acceptance of a #Telex_Release and #Sea_Way_Bill as legal shipping documents for #Ethiopia, aligning with global standards. This advancement streamlines #Logistics and #FreightForwarding processes, enhancing efficiency in the country. #Shipping #Customs #TradeFacilitation #Ethiopia

The Ethiopian Customs Commission in Ethiopia has announced the acceptance of Telex Releases and Sea Way Bills as legal shipping documents, marking a significant step in improving trade facilitation under AfCFTA. This will align with the rest of the world, smoothen logistics, cut delays, and generally make it easier to do business for locals and their international partners. Yet this same development in trade facilitation has permitted other countries to be more competitive and grab more investment from abroad. Modernizing shipping practices, Ethiopia is looking to leverage all possibilities under AfCFTA and aims to fortify relationships with the rest of Africa. This is part of a much larger development across the continent, in which customs modernizations have been embraced in light of the desire to facilitate economic growth and overall development.

#EthiopiaCustomsCrackdown Duty-free privileges for investors have been put on hold amid allegations of illegal imports. Investors are on edge, customs branches are under intense scrutiny, and online platforms for duty-free requests have come to a standstill. A difficult couple of months for investors and a puzzling suspension, creating backlogs at Djibouti and Mojo dry ports. Read more https://ow.ly/FZPG50SMSvv

The new Customs Act 2023 in Bangladesh came into effect few days ago. A good number of Customs Modernization initiatives ( such as AEO, NSW, PCA, Risk Management, etc) have been incorporated here. Also provisions for humanitarian supply during disaster response, gender equity, transparency, predictability are laid down in this Act. From my experience as a TOT as well as field exposure, I have summarized the basic differences of the new and previous customs act ( i,e., the 1969 one). I have taken help from the the Bengali version of the manuals provided to us while the TOT sessions took place. My immense gratitude to the respected seniors and colleagues of my department, as always. N.B: This is just an informal approach to get the interested persons ( who may have little or even no idea) aware of the new customs regime in simplified means. To this end, Any suggestion(s)/ recommendation(s) are highly appreciated and will be mulled in the next version of this live document.

🇪🇺 🇹🇯 On May 20, #BOMCA10 started three-day national workshop for the representatives of Customs Service under the Government of Tajikistan 🇹🇯. This #BOMCA10 activity is aimed to share #EU experience in #digitalization and automation of #customs processes, optimisation of the workflow for import procedures for trade and #customs officers. #BOMCA #BOMCA10 #bordermanagement #EUinTajikistan