Annex CREVENUE MEASURESFiscal Year 2013/2014
ItemNo.Description Existing Rate Proposed RateEffectiveDate12
Reduction of duty on incubatorsand isolators (Tariff Heading9403.5010).35% Free
Jul 1, 201313
Reduction of duty onDefibrillators.35% Free
Jul 1, 201314
Creation of a new Tariff Heading for the LED LightFixture in Chapter 94.35% Free
Jul 1, 201315
Introduce an EnvironmentalLevy on specific Items. No levy charged . Various fees depending on theItem.
Jul 1, 201316
Increase in Customs StorageFees for cars.$30 per week $50 per week
Jul 1, 201317
Introduce a Customs LicenceFee to be collected from privatestorage facilities.Customs to collect 25% of thestorage fees collected by theshipping agents.
Jul 1, 201318
Eliminate bonding tax. 10% Bonding Tax collectedevery 90 days. No Bonding Tax collected.
Jul 1, 201319
Adjustment in Customs andImmigration Service Charges.Charges are currently for afterhours (5pm) services provided to airlines andships, per officer deployedand based on the rank of each officer.A unified rate structure, to be based only on the number of officers deployed. Cargo shipsand cargo aircrafts to beassessed the charges at all hoursof deployment. Passenger aircrafts and ships continue to beassessed charges after 5pm only.
Jul 1, 201320
Switch duty rate from advalorem to specific for cigarettes and cigarillos.220% of value $0.15 per stick
Jul 1, 201321
Adjust the excise rate applied tocigars.220% $0.50 plus 220%
Jul 1, 201322
Increase the duty on electroniccigarettes.Free 45%
Jul 1, 201323
Introduction of an ExciseStamp Control Act. No stamp required uponimportation of Tobacco products.Stamp required uponimportation of Tobacco products.
Sep 1, 201324
Increase the Excise Duty onManufactured Spirits.$6.00 per gallon $8.00 per gallon
Jul 1, 2013