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New customs valuation rules
posted on: Feb 20 2011 12:16 by The Reporter. Viewed 725 times.
The Director General of Customs (DGA), said that they have put into effect, new Customs Valuation Rules according to the World Trade Organization's (WTO) Valuation Agreement, in order to strengthen trade facilitation policies .
Rafael Camilo from the DGA praised the implementation of the new regulations and said that these are designed to facilitate trade and avoid delays to business, industry and trade linked to border management, according to international agreements subscribed to by the Dominican Republic, which helps reduce the time of dispatch.
"With the implementation of this regulation, the goal is also to not hold up goods in customs for determining their value, which will be taken on the security provisions under Article 30 of the regulation," said Camilo.
The DGA have instructed customs administrators to proceed with the implementation of the new provision, repealing the old Regulation 667-01.
The institution also explained that for the implementation of the new regulation, Customs has instructed its Technical Department to provide the necessary support to ensure the accuracy of the implementation of the Agreement and also provide training for all personnel responsible for implementation of this regulation.
According to the DGA, the new regulations were drawn up on WTO recommendations, suggested after the last trade policy review of the agency, and the draft was sent to the Advisory Centre for WTO Affairs, whose recommendations were incorporated in the final document, issued by Decree No. 36-11 on 20 January 2011.
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