Regulatory Alerts2017-08-30
Added · Updated
Circular No. 10 of 2017 Regarding Procedures at Non-Mechanized Customs Sites and Stopping Parallel Issuance of Form 4
The Central Taxation Authority mandates that import declarations at non-mechanized customs sites or sites with linkage issues must be registered at the nearest automated site under coordinated release procedures. Banks are required to cease parallel issuance of Form 4, issuing only the electronic version with a stamped printed copy for clients starting September 5, 2017. Importers must complete site automation within three months, failing which declarations will be processed at the nearest automated location.
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