BREAKING

100 Percent Waiver of Import Duties on Barrels Imported During Christmas in St. Lucia

Economy Published On October 19, 2019 08:10 PM
Staff VIC | October 19, 2019 08:10:31 PM

The Government of Saint Lucia has once again approved concessions with regard to the importation of barrels at Christmas, the government has made known via release. Concessions are from the period Nov. 15 through Jan. 31, 2020.

The concessions on barrels are in accordance with the following terms and conditions:

1) 100% waiver of import duty on personal items, food, clothing, toys and other household consumables, contained in barrels. Electronics are explicitly excluded.

2) The number of barrels qualifying for concessions is two (2) per household.

3) The upper limit on the value per barrel is EC $2,500.00 per barrel on the items qualifying for concessions.

4) Qualifying items must be for personal use and not commercial use.

5) The usual penalties and fines apply if the goods are used for commercial purposes.

The Cabinet of Ministers also approved for the transmission of the appropriate legal instrument to Parliament to declare barrels imported during the above mentioned period to be exempt from Value Added Tax (VAT), the government said.

Get the latest news straight to your phone with the VI Consortium app.

0 Comments