JIS News

A total of $2.4 billion has been allocated to the Customs Department this fiscal year, as Government moves to implement strategies to meet revenue targets, collect overdue amounts, and foster an environment for voluntary tax compliance.
This is contained in the 2009/10 Estimates of Expenditure, which is now before the House of Representatives.
In meeting the stated targets, measures will be put in place to improve information, communication and technological processes at the Customs Department and enhancing organisational and management practices.
An agency under the Ministry of Finance and Planning, the Customs Department has primary responsibility for the collection of customs duties.
It also enforces all customs laws and regulations; issues licences to in-bond operators; provides surveillance of all vessels entering and leaving the island, thus preventing smuggling; inspects factories to ensure compliance with physical and accounting controls; and encourages voluntary compliance with the customs laws in an effort to maximise revenue collection.

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