font size

Sutera Lane Merchant Scheme to enhance business environment

THE Ministry of Finance stated yesterday that His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam consented for the implementation of customers accreditation programme known as Sutera Lane Merchant Scheme (SLMS) that facilitates trade in line with the concept of Authorised Economic Operator (AEO) as accredited by World Customs Organisations (WCO).

The main objective of the programme is to enhance the business environment that is conducive to support the national vision. The programme took effect on September 2, 2017.

 

This programme will encourage increased levels of compliance among importers, exporters or customs agents on the procedures, rules and regulations enforced in the country by offering facilities such as accelerating and giving priority on the approval process of import and export permit by relevant agencies; accelerate customs declaration process and process of production and release from the Muara Port; inspection of containers or freight cargo at SLMS Operator premises (if required); and to give permission to deferred payment on import and excise taxes.

Companies wishing to participate in the SLMS programme can contact the Royal Customs and Excise Department at 2382333 or email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

Courtesy of: Borneo Bulletin, September 29, 2017, Friday

projectbrand
Share