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THURSDAY, APRIL 29, 1993
REGISTRATION OF TRADERS UNDER TTRS STARTS
THE TRADE DEPARTMENT WILL START ΤΟ ACCEPT REGISTRATION OF TEXTILES TRADERS UNDER THE REGISTRATION SCHEME (TTRS) FROM SATURDAY (MAY 1).
APPLICATIONS FOR TEXTILES TRADER
TRADERS ARE INVITED TO APPLY FOR REGISTRATION EARLY IN ORDER TO BE ABLE TO TAKE ADVANTAGE OF THE SCHEME STARTING JULY 1, 1993.
UNDER THE TTRS, IMPORTERS. EXPORTERS, MANUFACTURERS, CARRIERS AND FORWARDERS, ONCE REUJSTERED WITH THE TRADE DEPARTMENT AND COMPLIED WITH THE CONDITIONS, WILL BE EXEMPTED FROM LICENSING REQUIREMENT IN RESPECT OF ALL TEXTILE IMPORTS, ALL TEXTILE RE-EXPORTS, TEXTILE EXPORTS OF HONG KONG ORIGIN TO NON-RESTRAINED MARKETS AND ALL TEXTILES TRANSHIPMENT CARGO.
THE CURRENT REGISTRATION FER IS $2,000 AND THE VALIDITY PERIOD OF A REGISTRATION IS 12 MONTHS.
АЯ A CONDITION OF EXEMPT LON, -REGISTERED TRADERS WILL. BE REQUIRED то NOTIFY THE TRADE DEPARTMENT OF THE PARTICULARS OF INDIVIDUAL SHIPMENT TO BE EXEMPTED FROM LICENSING REQUIREMENTS.
NOTIFICATION FORMS MUST BE COMPLETED AND SUBMITTED TO THE DEPARTMENT VIA THE CARRIERS AT THE TIME OF SHIPMENT OF THE TEXTILES PRODUCTS.
A TRADE DEPARTMENT SPOKESMAN TODAY (THURSDAY) SAID THE BEAUTY OF THE NEW REGISTRATION AND NOTIFICATION SYSTEM WAS TO ALLOW THE GOVERNMENT TO CAPTURE CERTAIN IMPORTANT INFORMATION ABOUT ALL, IMPORTS, EXPORTS AND RE-EXPORTS OF TEXTILE PRODUCTS AND AT THE SAMR TIME REMOVE ALL THE HASSLES FOR LICENSING.
"THOUGH IT MIGHT MEAN EXTRA WORK FOR FORWARDERS OR CARRIERS CURRENTLY USING THE TRANSHIPMENT CARGO EXEMPTION SCHEME (TCES), IT IS INEVITABLE AS THE GOVERNMENT MUST ENSURE THAT HONG KONG'S EXPORT CONTROL SYSTEM REMAINS EFFECTIVE," THE SPOKESMAN SAID.
REGISTERED TRADERS ARR REQUIRED TO KEEP PROPER BOOKS AND RECORDS ON SHIPMENTS EFFECTED UNDER THE TTRS,
AS FOR MANUFACTURERS REGISTERED UNDER THE SCHEME, THEY ARK REQUIRED TO KEEP PRODUCTION RECORDS, SHE SAID.
"THE REQUIREMENT TO NOTIFY THE DEPARTMENT OF BACH INDIVIDUAL + CONSIGNMENTS WILL GREATLY ASSIST THE TRACKING OF ILLEGAL TRANSHIPMENT OF TEXTILES PRODUCTS."
THE TRADE DEPARTMENT WORKS CLOSELY WITH THE CUSTOMS AND EXCISE DEPARTMENT TO ENSURE THE INTEGRITY OF THE TTRS.
THE DEPARTMENT WILL FURTHER STEP UP ITS EFFORT IN RESPECT OF CHECKING OF MANIFEST AND VERIFICATION OF SUBMITTED NOTIFICATIONS AND LICENCES AS MANY OF OUR STAFF CURRENTLY ENGAGED IN LICENSING WILL. BE REDEPLOYED TO DO SO.
/A COMPANY