KINGSTON, Jamaica — The US dollar Monday, December 9 traded for an average J$105.98, two cents more than Friday's average, according to the Bank of Jamaica’s foreign exchange trading summary.
Meanwhile, the Canadian dollar traded for J$99.57 and the British pound ended trading at J$173.89.more »
KINGSTON, Jamaica — The Jamaica Customs Department has increased its fees to clear barrels as the Christmas season draws nearer.
As of November 1, a new flat rate of $6, 500 will be applicable for all barrels with personal effects.
This is a $1,500 increase from the previous rate of J$5000 that was introduced in December 2009.
According to the Customs Department the increase results from a drop in the value of the Jamaica dollar against the US dollar since December 2009.
Personal effects refer to items for an individual or a household and the $6,500 charge would not be applicable to barrels that contain items in commercial quantities.
Meanwhile Customs is urging the public not to make a false declaration by stating that barrels with commercial quantities are personal effects as this is a breach of sections 209 and 210 of the Customs Act and will result in penalties being levied and possible forfeiture of goods.
In addition, effective November 1 duty payment in excess of $2million will not be accepted in cash. Customers with payments of J$2million and over are instead encouraged to utilise the department’s E-payment facility or pay via manager’s cheques.
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