Maldives Customs announces policy changes

Maldives Customs has announced changes brought to the fee policy for import-export or re-exported goods without a registry.

The policy will be implemented starting from next year. A processing fee will be levied for export, import or re-exporting goods without a registry. 10 percent of the CIF price will be charged for the declared goods as a processing fee, according to this policy and will only be levied upon goods deemed as commercial quantity, according to customs.

Customs also stated that the revenue stamp fees will be slashed altogether with the introduction of processing fees. However, goods imported by private individuals for construction and boat building will be levied the revenue stamp charge instead of the processing fee.