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Timor-Leste Customs Authority Confirms Compliance Process
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The Timor-Leste Customs Authority has announced its compliance process to ensure seamless trade facilitation and reduce costs for businesses operating in the country.
Understanding the Green Lane
According to the authority, any consignment not selected by one of the three lanes - Green Lane, Orange Lane, or Red Lane - is sent to the Green Lane. Once duties and taxes are paid, goods are immediately released without the need for inspection. However, in some cases, the Customs Authority may still inspect goods sent through the Green Lane, although this should not happen regularly. If it does, businesses can request to speak with a customs manager or supervisor.
Classification of Compliance Levels
The authority has also clarified its classification of compliance levels, which include:
- Voluntary Compliance: Businesses are advised to maintain accurate records, submit accurate declarations and supporting documents, and invest in their own compliance by keeping up-to-date with new regulations, developing internal processes, training staff, and adopting internal controls.
- Assisted Compliance: The Customs Authority may provide guidance and support to businesses to help them comply with regulations.
- Directed Compliance: The authority may direct businesses to take specific actions to ensure compliance with regulations.
- Non-Compliance: Failure to comply with regulations may result in financial penalties and action being taken against businesses.
Importance of Voluntary Compliance
To ensure voluntary compliance, businesses are advised to:
- Maintain accurate records
- Submit accurate declarations and supporting documents
- Invest in their own compliance by keeping up-to-date with new regulations, developing internal processes, training staff, and adopting internal controls
Consequences of Non-Compliance
Failure to comply with regulations may result in financial penalties and action being taken against businesses.
Commitment to Transparency and Efficiency
“We are committed to ensuring that our compliance process is transparent and efficient,” said a spokesperson for the Customs Authority. “By working together with businesses, we can reduce costs and increase trade facilitation in Timor-Leste.”
Key Takeaways
- The Green Lane allows goods to be released immediately once duties and taxes are paid.
- Businesses should maintain accurate records and submit accurate declarations and supporting documents.
- Failure to comply with regulations may result in financial penalties and action being taken against businesses.
- The Customs Authority offers guidance on how to become voluntarily compliant.
Contact
For more information, please contact the Customs Authority at [insert contact details].