The Ghana Revenue Authority has served notice that it will effectively begin the implementation of the Cargo Tracking Note (CTN) tomorrow, Monday, October 15, 2018.
A press release announcing the commencement of the policy and copied to BestNewsGH.com stated in part that ‘’the intervention is to provide greater scrutiny of our major imports for both valuation and security management purposes.’’
The release said from Monday, 15th October, 2018 importers whose imports, from records, exceed thirty-six (36) Twenty Foot Equivalent Units (TEUs) per year will be required to obtain a CTN Number in the country of export.
This means, any importer who imports less than 36 TEUs per year is exempt from CTN compliance. Further, businesses that import more than 36 TEUs per year but can demonstrate that the nature of their imports and their turnovers make them small importers will also be exempt.
It said ‘’these exemptions are to ensure that our small and medium scale importers, mostly petty traders, our market women and men, small distributors, and other small to medium businesses are free from the requirements of this intervention.’’
The release added that Government will monitor closely the implementation of this important customs management tool with a view to learning the needed lessons and adjusting the scope and mechanics of the policy to achieve both the valuation and security enhancement objectives of the intervention.
See the full press release as issued by the Authority.