Stamp Duty on Air Way Bill
17:09 Fri Aug 11, 2017
Taken from/By: FBC News
Report by: Ritika Pratap
Effective from 1st August, House Air Way bills including Consignment Notes executed by the Freight Forwarders, Airline Agents, Exporters, Licensed Customs Agents, Cargo Consolidators, Courier Companies and Shipping Agents is subject to ten dollars Stamp Duty per instrument.
The Fiji Revenue and Customs Service says the objective of the Stamp Duty on Air Way Bills is to have an efficient and uniform practice to all forms of legal instrument that serves as the legal document from the sender, shipper and freight forwarder to the receiver of the goods.
Chief executive, Visvanath Das, says they will ensure that this is efficiently implemented at all their Offices and international ports.
Das says any breach or non-compliance will result in a maximum fine of up to $25,000 to anyone who makes or executes an air waybill before the payment of stamp duty.
The stamp duty on an air waybill will be denoted by an “adhesive stamp”.
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