Grenadian Government Caps Freight Charges for Imported Goods

• As part of the Government’s efforts to alleviate the impact of external shocks on the Grenadian population, Cabinet has approved the adjustment of freight in the calculation of duties and taxes on imported goods to reflect 2019 freight costs.
• The freight cap will be applied to the importation of all goods landed in Grenada during the period 1 October 2022 to 31 March 2023. The implementation of the cap will see only minor changes in the current processes of Customs Brokers and Importers, who will follow existing processes in preparing the customs declaration.
• For commercial imports, there will be a requirement to identify freight actually paid on the Valuation Note of the Customs Declaration.
• In the case of non-commercial imports, agents will input actual freight paid in the preparation of the Simplified Administrative Document (SAD). The Customs Computerised System, ASYCUDA World, will make the necessary adjustments and apply the reduced freight for the calculation of duties and taxes. All other clearance processes remain the same.

(Source: Grenada Now)