Finance Minister suspends pre-release of goods

Date:

BY JOHN HOUANIHAU

Gordon Darcy Lilo, Minister of Finance and Treasury, has ordered the immediate suspension of all pre-release arrangements for goods at ports, container terminals, and bonded warehouses across the country.

The directive took effect on June 2, according to a statement issued by the Government Communication Unit (GCU) yesterday.

The directive requires the Customs and Excise Division to release imported goods only after all applicable duties and taxes have been paid in full, or when a formal exemption order has been issued by the Revenue and Customs Exemption Committee, the statement said.

Minister Lilo in the statement said the measure aims to strengthen compliance with customs regulations, safeguarding government revenue.

He further adds that this is also to ensure that tax exemption decisions are made through the proper legal channels.

“This action reflects the Government’s commitment to transparency, accountability, and responsible management of public resources,” he said.

The statement advised importers of perishable goods to ensure all duties and taxes are paid in advance to avoid delays in the clearance process and prevent potential spoilage.

The Ministry of Finance and Treasury has instructed all Customs officers and relevant stakeholders to implement the directive immediately.

GCU said the move forms part of broader efforts by the Government to strengthen revenue collection and improve compliance with customs and taxation laws.

Photo: Supplied

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