GHANA REVENUE AUTHORITY saz @Qocra = 30" December, 2023. ‘SEE DISTRIBUTION MPLEs ‘SELECTED ITEMS References: A. Commissioner General's Order (CGO) NP 2013/002 dated 29" Apri, 2019. 8. Commissioner Customs Memorandum to All Ports and Stations in the Customs Division dated 7° May, 2019, C. Commissioner Generals Memo dated December 30, 2021 1. Reference A provided the guidelines for the implementation of Govemment’s policy directive on reduction of values of imports asa relief to importers with effec from 44% Apel, 2019. The guidelines were aimed at driving the directives for effective implementation and sensitization ofthe general public and in particular stakeholders such as importers or duty payers andjer their Agents/Freight Forwarders, 2. The policy guidelines were categorized as follows: Home Delivery Value (HOV) of vehicles Goods on which benchmark values are applied Goods covered by the Cargo Tracking Note (CTN) All other goods apse 3, The reliefs to importers/duty payers were as follows: 2. Home Delivery Value (HDV) of vehicles ~ For duty purposes che HOV of a Vehicle was discounted by 30% Integrity. Fakmess Servic.. Goods on which benchmark values are aplied (2) 50% of the benchmark value was to be applied inthe absence of the production of any other evidence of value such as credible Invoices, (CTW or bank transaction payments. (2) Where any evidence was produced and the eviderce showed @ bigher value than the benchmark value, then fifty percent (50%) of the evidential value was to be applied or used for duty purposes, Where evidence of value was lower than the benchmark value, then fity percent (60%) ofthe benchmark value was tobe applied or used for city purposes. ©. Goods Covered by the Cargo Tracking Note (CTN) - Where the CTN value was higher than the benchmark value, then the 5036 ofthe CTN value was to be applied or used for duty purposes. Where the CTN value was lower than the benchmark value, then 50% of the benchmark value was to be applied or used {or the duty purposes. 4. AlLather Goods (2) Where the importer had an invoice andthe Invoice Value was higher than the established Transaction Price Database (TPD) value, then 50% of the Invoice Value was to be applied or used for duty purposes. (©) Where the Importers Invoice Value was less or lower than the estabished Transaction Price Database (TPD) Value, then 50% of the TPD ‘would be applied or used for duty purposes 4. Reference B was issued by the Commissioner Customs to all ports axd stations in the Customs Divison of the Ghana Revenue Authority to give effect to the Government's Policy directive onthe reduction of values of imports. 5. Reference C which derives Its authority from the Economic Management Team has given approval to the Customs Division of GRA to proceed with "the reversal ofthe benchmark valves with effect from 4 January, 2022”, 6, _Forthe avoidance of doubt, the Following guidelines are for strict compliance with ‘effect from 4 January, 2022: 2 Home Delivery Value (HD) of vehicles ~ For duty purposes, the HOV of a vehicle wil no longer be discounted by tity percent (30%), Thus, the full HOV should be used forthe computation. Goats on which benchmark values are ali - The benchmark value shall be applied in full without any reduction of value by fifty percent (50%), Integrity. Faiess. Service.Where any evidence of value is produced and the evidence shows a higher value than the benchmark value, the full amount of the evdential value shall be applied without any reduction of value by fifty percent (50%). 7. Goodson which benchmark values are applied, Cargo Tracking Nete values are ‘no longer applicable. Provisions of Paragraph 6b cater for such situations 8. AlLother Goods, (2) Where the importer has an Invoice and the Invoice Value is higher than the established Transaction Price Database (TPD) Value the il Value shall, bbe applied or used for duty purposes without any reduction in the value whatsoever 2) Where the importers invoice is less or lower than the established ‘Transaction Price Database (TPO) Value, the full PD value stall be applied (or used for duty purposes without any reduction in value whatsoever. 8. Forthe avoidance of any doubt, the values tobe used or applied inthe assessment of duties shall be ful (hundred percent) and devoid of any reduction in values (30% for vehicles and 5086 forall ther goods). Thus, the status quo ante 4 Apri, 2019 shall be restored in respect ofthe selected items with effect from 4 January, 202%, 10. These guidelines are to be read thoroughly and understood properly to prevent any possible losses of revenue. 11. Respectfully submitted for strict and urgent compliance. ore eee serene pa Information: Hon Minster of France Hon Minster of State (Finance) Hon Minster of Trade Deputy Minister of Finance (Revenue) Deputy Minster of TradeInternal: Action: ‘All Deputy Commissioners, Customs All Sector Commanders, Customs ‘AC Customs Technical Services Bureau (CTS8) AC E-Records ACCRA, Information Board Chaleman, GRA Governing Board Commissioner General Commissioner $50 Commissioner DTRD ‘Commandant, Keptoe Academy AAC, Comm CO Sect Board Secretary, BSMS Integrity. Fakness. Service.