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Manufacturers to benefit from 50% reduction in custom fees

Brian-Pengelley

THE Jamaica Manufacturing Association’s (JMA) lobby for a waiver of the Customs Administration Fee (CAF) on intermediate goods has proved successful.

Effective February 1, manufacturers should see a 50 per cent reduction on the importation of intermediate goods — items which have to undergo further processing before it can be sold as a manufactured good.

In 2013, the Jamaica Customs Department’s implementation of the CAF resulted in manufacturers paying up to 400 per cent more on the import charges of manufacturing inputs needed for production. The new duties also resulted in an erosion of the sector’s competitiveness, according to the JMA.

Published in the Observer
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