Following the recent Supreme Court ruling, the island’s courier firms have notified their customers the duty rate will be lowered to where it was before.
An email sent out to Mailboxes US Express customers said: “I am happy to report that per the recent Supreme Court ruling, Mailboxes US Express is, in fact, entitled to have our goods cleared at the lower business duty rate. Therefore, all US Express shipments will revert to the previous duty rates enjoyed by our customers over the last 15 years. i.e. clothing 6.5%, shoes 10%, supplements, 15%.”
An email sent by ZipX to their customers said: “Dear ZipX Client,Due to the recent court judgment regarding the 25% Duty Rate implemented on personal use shipments, the rates of duty for your shipments will go back to as they were before this legislation was implemented.
“Please be advised that effective Friday August 24 2012, all shipments cleared through customs will be processed at the applicable duty rates used before the flat rate of 25% was put into effect, i.e. Clothing 6.5%, Camera equipment 8.5%, etc.”
Speaking after the Court Ruling, Premier Paula Cox said: “The main policy objective for the amendment was to assist the retail sector through duty relief and to provide an incentive to on-Island shopping. Revenue impact should not be material. This was never designed to be a major revenue raiser, even though any additional revenue is welcome.”
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