Custom And Excise Authority

The Customs and Excise Authority serves as a government agency tasked with the assessment and collection of revenue related to import and export activities. Operating under the Ministry of Internal Affairs, this department is a key revenue-collecting entity.   The responsibilities of the Customs and Excise Authority encompass various types of duties, including: Import Duties: […]

The Customs and Excise Authority serves as a government agency tasked with the assessment and collection of revenue related to import and export activities. Operating under the Ministry of Internal Affairs, this department is a key revenue-collecting entity.

 

The responsibilities of the Customs and Excise Authority encompass various types of duties, including:

  1. Import Duties: These are taxes levied on surplus goods and services entering a country from other nations, commonly referred to as customs duties or traffic.
  2. Export Duties: Imposed on surplus goods and services sent from a country to other nations.
  3. Excise Duties: Taxes applied to locally manufactured goods, which can be either ad valorem or specific.

 

Key functions of the Customs Authority include:

  1. Preventing Smuggling: Enforcing measures to deter the illegal transportation of goods in and out of the country.
  2. Data Compilation: Compiling statistical data on both import and export activities.
  3. Revenue Generation: The authority is responsible for generating revenue for the government through import and export duties.
  4. Tax Collection: Collecting taxes on goods, whether imported, exported, or produced locally.
  5. Supervising Bonded Warehouses: Monitoring and supervising warehouses where goods are stored until duties are paid.
  6. Combating Illegal Currency Trafficking: Checking and preventing the illegal trafficking of the national currency.
  7. Providing Information to Traders: Offering information to traders regarding the duties applicable to the importation and exportation of goods.
  8. Implementing Government Policies: Executing government policies related to the restriction of certain goods.

In summary, the Customs and Excise Authority plays a crucial role in revenue collection, data management, and enforcement of policies to ensure the legality and regulation of import and export activities.

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