Merchants in the Territory are invited to an important meeting with officials of Her Majesty’s Customs on Thursday, December 3, at the Customs Headquarters at 9:00 a.m.

Discussions will focus on the amended Customs Management and Duties Act, 2010 schedule 7, which came in in effect on November 1. Officials will also address the previous taxation formula or Freight on Board (FOB) versus the recently implemented formula Insurance and Freight (CIF).

All are ask to make a special effort to attend.