WebFeb 13, 2024 · Penalties for failure to keep documents. The CAO highlights the importance of keeping records of importation and provides the following penalties for non-compliance. 20% surcharge – Importers who fail to keep the prescribed records will be subject to a 20% surcharge on the dutiable value of the goods for which no records were kept and … WebNov 16, 2024 · HS codes follow certain rules known as GRI, which stand for General Rules for the Interpretation of Customs Tariff Schedules. There are around 5,000 six-digit HS codes in existence, and they are updated …
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