Import Customs Duty

This is a declaration related ad valorem tax collected on imports by the Customs.  The payment amount is advised on an Assessment Notice generated by the system. It is also referred to as import tax and import tariff.

When it is a percentage of the customs value of goods (Cost, Insurance and Freight – CIF Value or tax base or statistical value), it is referred to as Ad valorem tax.  When it is amount per unit or weight etc, it is referred to as specific tax.

The import duties are based on rates defined in the external customs tariff of the country, with more than 5,000 tariff lines, each tariff line with its own rate. Currently in use is the tariff 6 bands (0%, 5%, 10%, 15%, 20% and 30%) depending on the product description.

Import Excise Duty

This is a declaration related ad valorem tax applied on imported alcoholic products. The rate is based on the external customs tariff with 2 bands (30%, and 35%) depending on the product description. The payment amount is advised on an Assessment Notice generated by the system.

Petroleum Excise Duty

This is a declaration related specific tax applied on hydrocarbon fuel products. The rates are based on a two-tier system—one for commercial and the other for retail. The payment amount is advised on an Assessment Notice generated by the system. Petroleum Rates are issued fortnightly by the Petroleum Regulatory Agency (P.R.A).