Electronic restrained textiles export licences fee approved
A licence fee of $132 for Restrained Textiles Export Licences (RTEL) applied through the Community Electronic Trading Service (CETS) has been approved by the Governor in Council.
The service, to be launched commercially in January 1997, is provided by Tradelink, the company which was granted the exclusive right to provide services through CETS for handling a range of Government trade-related transactions.
The new licence fee, proposed under the Import and Export (Fees) (Amendment) (No. 2) Regulation 1996, will be gazetted on November 22.
A Government spokesman said currently, the licence fee for paper RTEL applications submitted to the Government is $202. This licence fee will continue to apply if the applications are submitted to the Government in paper.
"The licence fee payable to Government for each RTEL applied through the CETS will be $132," the spokesman said.
"Taken together with Tradelink's charge of $70, the combined Government and Tradelink charges for each RTEL applied through the CETS will not be more than the licence fee payable to the Government in respect of applications submitted in paper."
The spokesman said it is Government's intention that the relevant receiving counters in Trade Department, which handles paper applications, will all be closed by December 1998.
From January 1999 onwards, RTEL applications will all be processed through the CETS.
"The new licence fee aims at encouraging the use of the CETS in the meantime," the spokesman added.
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