MoC announces 1,100 HS codes for Customs warehousing

The Ministry of Commerce nod­ded four import categories in customs warehousing with 1,100 HS codes, including pharmaceu­ticals (117 HS codes), electric vehicles and related parts (56 codes), industrial raw materials and chemicals (866 codes) and food raw materials (61 codes).

 

Apart from those goods au­thorized in customs warehous­ing, seeking an import licence for the goods before arrival at the port is obligatory, and fail­ure to do so is subject to a fine and sentence under the existing laws, as per Notification 50/2020 of the Trade Department under the Ministry of Commerce dated 8 July 2020.

 

Without obtaining a permit, no one shall be allowed to export and import the specified goods that need to seek a licence. The Trade Department warned the exporters and importers of pen­alties for non-compliance with the Export and Import Law, di­rectives and guidelines starting from 1 July 2024. It informed them to seek licences first as pre-arrival documentation for all types of shipment by air, sea and road, according to the export and import news bulletin 3/2024 of the Trade Department. — NN/EM