XN000022-1993-12-29 — Page 12

WEDNESDAY, DECEMBER 29, 1993

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CUT IN AD VALOREM CHARGES FOR NON-FOOD IMPORTS

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THE CUSTOMS AND EXCISE DEPARTMENT TODAY (WEDNESDAY) URGED THOSE MAKING TRADE DECLARATIONS TO PAY ATTENTION TO THE CHANGES OF AD VALOREM CHARGES.

A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT ONLY THE AD VALOREM CHARGES ON NON-FOOD IMPORTS HAD BEEN REDUCED SINCE OCTOBER 1.

HE SAID MANY TRADERS HAD MISTAKEN THAT THE REDUCTION APPLIED TO ALL ITEMS OF GOODS, IMPORTS AND EVEN DOMESTIC EXPORTS AND RE-EXPORTS.

"THIS CONFUSION HAS OVERBURDENED OUR COLLECTION OFFICES, PARTICULARLY THE POSTAL REMITTANCE UNIT WHICH IS EXPERIENCING FIVE TO SIX TIMES THE NORMAL VOLUME OF UNACCEPTABLE TRADE DECLARATIONS BECAUSE OF MISCALCULATIONS OF DECLARATION CHARGES, HE SAID.

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"THE REJECTED TRADE DECLARATIONS, WHICH WILL HAVE ΤΟ BE RESUBMITTED AND REPROCESSED, HAVE WASTED MUCH OF THE RESOURCES OF BOTH THE GOVERNMENT AND TRADERS, HE ADDED.

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THE REDUCED CHARGES PAYABLE FOR NON-FOOD IMPORTS ARE CALCULATED FOLLOWS: $5 IN RESPECT OF THE FIRST $14,000 OF THE VALUE, OR THE AGGREGATE VALUE, OF THE GOODS OR PART THEREOF AND 35 CENTS IN RESPECT OF BACH ADDITIONAL $1,000 VALUE OR PART THEREOF AND ROUNDED UP TO THE NEAREST 10 CENTS.

ENQUIRIES ABOUT THE CHARGES CAN BE DIRECTED TO THE CUSTOMS AND EXCISE DEPARTMENT'S HONG KONG COLLECTION OFFICE ON TEL 852 3048, OR KOWLOON COLLECTION OFFICE ON TEL 311 3053.

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POSTAL REMITTANCE SERVICE STOPS

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POSTMASTER GENERAL, MR MIKE PAGLIARI, REMINDED THE PUBLIC TODAY (WEDNESDAY) OF THE CESSATION OF THE POSTAL REMITTANCE SERVICE IN HONG KONG FROM NEXT YEAR.

FROM JANUARY 1, THE POST OFFICE WILL NOT ISSUE INTERNATIONAL MONEY ORDERS, POSTAL ORDERS OR LOCAL MONEY ORDERS.

CASH-ON-DELIVERY PARCELS WILL NOT BE ACCEPTED AND POSTCHEQUES ISSUED BY FOREIGN POST OFFICES WILL NOT BE ENCASHED.

HOWEVER, LOCAL MONEY ORDERS, AND POSTAL AND MONEY ORDERS ISSUED OVERSEAS ON OR BEFORE THE END OF THIS MONTH FOR PAYMENT IN HONG KONG WILL STILL BE ENCASHED PROVIDED THAT THEY ARE PRESENTED AT POST OFFICES BEFORE THEIR VALIDITY HAS EXPIRED.

CUSTOMERS WISHING TO REMIT MONEY LOCALLY OR то OVERSEAS COUNTRIES AFTER THE CESSATION OF THE POSTAL REMITTANCE SERVICE ARE ADVISED TO USE ALTERNATIVE BANKING FACILITIES COMMONLY AVAILABLE HONG KONG,

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