Implementation Of CTN Begins Tomorrow

The Customs Division of Ghana Revenue Authority (GRA) has served notice that the implementation of the Cargo Tracking Note (CTN) policy begins in earnest on Monday, 15th October 2018.

The intervention is to provide greater scrutiny of the country’s major imports for both valuation and security management purposes.

According to a statement signed by the Commissioner General of GRA, Emmanuel Kofi Nti, from Monday, 15th October, 2018 importers whose imports, from records, exceed thirty-six (36) Twenty Foot Equivalent Units (TEUs) per year will be required to obtain a CTN Number in the country of export.

This means, any importer who imports less than 36 TEUs per year is exempt from CTN compliance.  Furthermore, businesses that import more than 36 TEUs per year but can demonstrate that the nature of their imports and their turnovers make them small importers will also be exempt.

These exemptions are to ensure that our small and medium scale importers, mostly petty traders, market women and men, small distributors, and other small to medium businesses are free from the requirements of this intervention.

The statement said government will monitor closely the implementation of the important customs management tool with a view to learning the needed lessons and adjusting the scope and mechanics of the policy to achieve both the valuation and security enhancement objectives of the intervention.

“We thank all stakeholders for their cooperation as Ghana Customs prepares towards the rollout of this national exercise,” the statement added.

 

Source: mypowerfmonline.com