Effective December 1, 2015, all items placed on an Auction List by the Jamaica Customs Agency (JCA) will remain on said list until sold, unless otherwise directed by the CEO/Commissioner of Customs in accordance with Section 88 (2) of the Customs Act which states:
Operators of Private Bonded Warehouses are hereby advised that in keeping with the new provisions under Section 6 of the Customs (Amendment) Act 2014, effective immediately, duties will be levied at the rate of duty prevailing at the time the goods are being removed from the warehouse and not at the time the goods are entered for warehousing, as was previously the case.
Jamaica Customs has commenced the new Financial Year 2015/16 by exceeding the Ministry of Finance and Planning (MOFP) revenue target of $11.225B, by collecting J$12.937B, in gross revenue. The target was surpassed by J$1.7B or 15%. This is an increase of $2.097B or 19% when compared with the same period last year. Net revenue collections were $11.452B which is $227M or 2% above MOFP target. This is an increase of $1.206B or 12% when compared with the same period last.