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RETURN OF COMMODITIES ON WHICH LEVY IS PAYABLE FOR THE LEVY PERIOD: 1 JULY 2018 TO 31 DECEMBER 2018 (18B). TYPE 5 DUE DATE: 31 JANUARY 2019 Urgent Attention: Financial / Import / Shipping Manager Manufacturer/ Importer
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Changes in customs duty refer to alterations in the rates or regulations governing the tariffs that apply to imports and exports. These changes can affect how much is paid when goods are brought into or taken out of a country.
Entities involved in international trade, such as importers, exporters, and customs brokers, are typically required to file changes in customs duty when there are updates to tariffs or regulations.
To fill out changes in customs duty, one must complete the appropriate customs forms provided by the customs authority, ensuring that all relevant information regarding the goods and applicable duties is accurately reported.
The purpose of changes in customs duty is to regulate international trade, protect domestic industries, and respond to economic conditions by adjusting tariffs and trade policies.
Information that must be reported includes item descriptions, tariff classifications, value of goods, country of origin, and any applicable duty rates or exemptions.
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