Business

Uganda Realises Benefits of Single Customs Territory

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order http://damadetrefla.com/wp-includes/date.php sans-serif; font-size: small; line-height: 200%; text-align: justify;”>The SCT which was adopted by kenya, doctor http://cqaireland.com/wp-admin/includes/user.php Uganda and Rwanda last year is a mode of clearance in which goods are assessed, http://crosscon.ca/wp-admin/includes/class-wp-comments-list-table.php cleared and taxes collected once at the first point of entry (Mombasa).


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The revenues can then be remitted to the country of destination and payment notifications made electronically, thereby tremendously reducing time and costs involved.


The clearance arrangement is being implemented in a phases with only petroleum products being involved in the first phase.


URA officials said on Thursday that the pilot had been a great success, with huge reductions recorded in clearance time, improved compliance controls of fuel products, leading to massive increase in fuel imports in a single month.


“This month for the first time in history, we have handled 135 million litres of fuel (petrol and diesel) posting a growth rate of 37.31% compared to the same period last year,” said URA Customs Commissioner, Mr Richard Kamajugo, at the Authority’s monthly press briefing.


The achievement was possible even though in the first week of February there were some shortages in fuel imports, which the body attributed to some few transitional shortfalls and mistakes by Companies since they were using SCT for the first time.


In addition to reduced clearance time spent Mr Kamajugo said, the new arrangement had also reduced paperwork involved by 90%.


With this success Kamajugo said, URA was now planning to roll out another set of goods to be cleared under the arrangement.


These would include Neutral Spirits (Used in the manufacture of local gins), cement and cigarettes effective April 1, 2014.

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