Press Release

New Provisions of Customs (Amendment) Act 2014 Now in Force; Updates to ASYCUDA World on Stream

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.

Additionally, Section 7 of the Customs (Amendment) Act 2014 provides that the value of the goods (in Jamaican Currency) is determined by the use of the applicable Exchange Rate at the time the Declaration removing the goods from the Private Bonded Warehouse, is registered with ASYCUDA World.

CEO/Commissioner of the Jamaica Customs Agency (JCA), Major (Ret’d) Richard Reese, stated that these new provisions are in keeping with current international standards and practices that will make the Agency compliant with the latest World Trade Organisation’s (WTO) Trade Facilitation Agreement. The new provisions also standardize the rules applicable to goods under Suspense Regimes.

He further noted that with the new provisions, no preferential treatment is given to warehouse operators who would previously have had a competitive advantage over other importers who do not place goods in a Private Bonded Warehouse.  As such, he noted that, “everyone is now operating on a level playing field.”

In the meantime, updates to the ASYCUDA World System now require that all Customs Brokers must download and install the C87 EELS Broker Application Ver. 2.1.0.7. from the CASE web portal prior to submitting their C87 Declarations to the JCA.

It must be noted however, that all C87 Declarations lodged prior to this update are available for review, payment and subsequent release of cargo if they are free of discrepancies.

Customs Brokers and importers are invited to contact the JCA’s ASYCUDA World Helpdesk at 750-3030 or 922-5140-9: ext. 3127, 3133, or 3143, if they have any questions or are experiencing any challenges.

 

 

 

Jamaica Customs Exceeds Target for the Month of April 2015

Kingston, Jamaica: 

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.

At the end of the Financial Year (2014/2015), net revenue collections stand at J$143.280B which is $503M or 4% of the overall MOFP target of J$142.777B. Gross collections were $158.743B which is $15.966B or 11% above the target. When compared to the same period (2013-2014) previous year net revenue increased by $14.458B or 11% while gross revenue increased by $20.215B or 15%. This was achieved despite additional waivers and incentives of $9B granted to the productive sector and reduction in duties on motor vehicles 2000cc and up, Phablets and the 50% Customs Administration Fee (CAF) applicable to manufacturers with respect to intermediate goods without revision of targets.

For the upcoming Financial Year 2015/16, Jamaica Customs continues to improve its business processes through automation with the implementation of the Automated System for Customs Data (ASYCUDA World) which will result in greater efficiency and client service improvements, as we facilitate trade and protect our borders for the ultimate goal of collecting much needed revenue; thus assisting in stabilizing the Jamaican economy.

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Jamaica Customs Agency

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Myers Wharf,
Newport East, Kingston 15
Phone: 876 922 5140-8 | 922 8770-3

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