The Ministry of Finance and Economy has announced that with the consent of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam, the amendments to the Customs Import and Excise Duties will be implemented effective 17 May 2023.

The objectives of the amendments to the customs import and excise duties among other things are to streamline the duty structure for goods in the country with the ASEAN Harmonised Tariff Nomenclature (AHTN) 2022 and to enhance the competitiveness of business and investment climate in the country as well as to fulfill certain commitments under the Free Trade Agreements (FTAs) with several countries either on a bilateral or multi-lateral basis. The restructuring of the import and excise duties also focuses on specific products with the purpose of meeting certain objectives, such as; control the use of certain products in order to improve the health and well-being of citizens and residents; energy saving and reduce carbon footprint in Brunei Darussalam; and at the same time to help in the reduction of prices of some consumer goods.

Further information can be obtained at bdnsw.mofe.gov.bn or tradingacrossborders.mofe.gov.bn. The public can contact Customers Service Counter at the Royal Customs and Excise Department at 2382361 during working hours or e-mail to [email protected].

Source:
RTB NEWS

by RTB NEWS

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]