Customs implementing US$4-m system to speed up operations at ports

Friday, August 15, 2014

Print this page Email A Friend!



KINGSTON, Jamaica--Jamaica Customs Agency has launched a major, technology-driven system, aimed at streamlining and reducing the processes involved the import, export, and trans-shipment of goods.
The Automated System for Customs Data (ASYCUDA), which is being implemented at a cost of US$4 million, is expected to speed up operations at the ports by fully automating export and import transactions. It allows for real-time updates on new tax regulations to minimise errors and delays in the computation of port taxes and also guarantees transparency, uniformity/standardisation and consistency of Customs procedures.
It is expected to significantly reduce the cost of importation and doing business, to local and foreign investors.
Speaking at the launch at the Jamaica Pegasus in New Kingston on Wednesday (August 13), Finance and Planning Minister, Dr Peter Phillips, welcomed the system, noting that “the country needs the additional revenues which can flow from this”.
He said that the application of the computerised platform in other jurisdictions, have realised a 10 to 20 per cent increase in revenues through improved compliance and shorter processing times.
The Minister stated that “smoothing out and speeding up the processing time in Customs is essential to raising the overall productivity of the country in today’s modern, global environment”.
This is important, he said, in light of the fact that manufacturers often do not produce a complete item, and need to import and export multiple times before achieving the final product.


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT