Cayman Customs Bill postponed until February
Bills aimed mainly at reorganising the coding system of goods attracting Customs duty were put off to the next meeting of the House that will be held in February. The House adjourned January 23 until February 15.
Financial Secretary Kenneth Jefferson asked for the postponement of the Customs Tariff Bill, 2007 - the principal bill and companion legislation; the Customs (Amendment) (No. 2) Bill, 2007; and the Customs (Amendment) (No. 3) Bill, 2007, at the Legislative Assembly. The postponement allows the Customs Department to go on discussing the contents of the bill with local merchants.
According to Jefferson, the Customs Tariff Bill mainly regards not a change in import duty rates, but a change to the coding of dutiable commodities.
Jefferson said that the new bill will be more substantial than the existing Law, and it requires continuing talks between Customs and Cayman merchants.