News

Review of Customs Duty on Cellulose Fibre Cement not containing asbestos

January 15, 2018

As of the 3rd January 2018, the applicable customs duty on the “6811.8100- Corrugated sheets not containing asbestos” and “6811.8200- Other sheets, panels, tiles and similar articles not containing asbestos”, are now 0%.

It was brought to the Ministry of Finance, Trade and Economic Planning’s attention that the above two products as identified through HS codes, “6811.8100- Corrugated sheets not containing asbestos” and “6811.8200- Other sheets, panels, tiles and similar articles not containing asbestos”, were not included in the list of construction materials, whereby the applicable custom duties were reduced to 0% in 2009.

Following initial analysis and subsequent recommendations to the Cabinet of Ministers, approval was granted for the removal of customs duties on the remaining two products, that was still attracting 25% customs duties upon importation into the country.

Therefore as at January 3rd this year, customs duty on “6811.8100- Corrugated sheets not containing asbestos” and “6811.8200- Other sheets, panels, tiles and similar articles not containing asbestos”, are 0%.

The Value Added Tax which is applied on these products remains at 15%.

» All news