Tag: customs duty
Local Christmas travellers to get $1,000 duty-free allowance
(CNS): Cayman residents travelling this Christmas will enjoy double the usual duty-free allowance on their shopping. Last week, Cabinet approved an order under the Customs Tariff Regulations to allow the temporary increase of the duty-free allowance for people returning home by air until 6 January. However, people who can’t afford to travel over Christmas and […]
Cabinet approves Christmas increase in duty free allowance
(CNS): Cabinet has approved a temporary increase in the duty free allowance for all residents for the holiday season. Anyone taking a shopping trip will be able to bring back CI$1,000 worth of goods through the airport before having to pay any duty on their purchases for all of December. This is double the usual CI$500 […]
Gov’t to look at booze and fuel duty rating
(CNS): The government has said it will take a look at the current situation where the duty on liquor and fuel is rated by volume and not cost, as is the case with all other goods. In response to a private member’s motion passed in the Legislative Assembly Friday, Finance Minister Roy McTaggart said the […]
CBC strained under record-breaking imports
(CNS): As online shoppers and small businesses tear their hair out over delays in the clearance of packages passing through local courier companies, customs officials said the delays are due to the record-breaking level of imports last month as a result of the closed borders. Customs and Border Control said they received 18,000 individual imports […]
Duty under review as gov’t faces 25% revenue loss
(CNS): The finance minister has revealed that government is planning to make amendments to the Customs Tariff Law and will also consider a motion put before the Legislative Assembly seeking the removal of duty on medical supplies as part of that review. But Roy McTaggart warned that any duty reductions are unlikely to happen while […]
Miller makes bid to change Customs Law
(CNS): Ezzard Miller, the independent member for North Side, is making another attempt to persuade government to amend the Customs Law to cut all duty on medicines and medical supplies and to introduce a provision to prevent duty being applied to returned and replaced goods on warranty. When the Legislative Assembly meets at the end […]
Duty free allowance to increase to $500
(CNS): From 1 November Caymanians and residents will see a $150 increase in the amount of goods they can bring home under their personal duty-free allowance. Premier Alden McLaughlin announced the government’s decision as he began a ‘State of the Nation’ address during the special State Opening of the Legislative Assembly on Cayman Brac. McLaughlin said […]
Archer ponders duty rate review
(CNS): With the introduction of the new custom codes, government is better placed to examine the duty on goods imported into the Cayman Islands, which offers an opportunity to look at the current rates, according to Finance and Economics Minister Marco Archer. Following news that Britain has introduced a sugar tax on sodas and other soft sweet […]
