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Export & Import

Thursday, 21 September 2017 09:10

Myanmar needs Customs Bonding Arrangement to benefit from BIMSTEC

A top logistics expert has said Myanmar must work out customs bonding agreements with neighbouring countries to boost trade and transport incomes that could accrue from regional groupings like BIMSTEC. Speaking to Mizzima on the side-lines of a seminar on 'Myanmar in BIMSTEC' logistics specialist and consultant Paul Apthorp said Myanmar is strategically located between South and South-east Asia. "It is going to the biggest beneficiary of regional groups like BIMSTEC, but only if got into customs bonding agreements with India, Bangladesh, Thailand and other countries," Paul Apthorp told Mizzima in an exclusive interview. "See how trade between Thailand and China exploded through the roof after the two countries arrived at a customs bonding agreement, said Paul Apthorp, "That could happen if Myanmar worked out similar agreements with its neighbours." Customs Bonding agreements involve a contract used for guaranteeing that a specific obligation will be fulfilled between customs and an importer for any given import transaction. The main purpose of a customs bond is to guarantee the payment of import duties and taxes. Paul Apthorp said one option for Myanmar was to sign into the Transports Internationaux Routiers(TIR), as India has just done or China has done before. India ratified the TIR or International Road Transports (TIR) Convention, IRU this year. The multilateral international transit treaty—Customs Convention on International Transport of Goods under cover of TIR Carnets—is also referred to as the TIR Convention and functions under the auspices of the United Nations Economic Commission for Europe (UNECE). It will help India access transnational multi-modal connectivity and play an important role in the proposed transportation architecture in the region and beyond with the backdrop of India recently ratifying the trade facilitation agreement (TFA) of the World Trade Organization (WTO). India became the 71st signatory to this international transit system, designed to facilitate the seamless movement of goods throughout these countries in Asia and Europe. Interestingly, the two countries which signed TIR before India were Pakistan (2015) and China (2016). sources:mizzima

Wednesday, 20 September 2017 11:06

EXPORT/IMPORT PROCEDURE

Laws and Orders The law governing export, import, carriage of passenger baggage, etc. by the state owned organizations or private enterprises or private individuals of the Union of Myanmar, is the control of Imports and Exports (Temporary) Act, 1947, which is till in force up to now. Registration of Exporter/Importer The following enterprises desirous of carrying on export/import business may apply to the Directorate of Trade, Ministry of Commerce for registration as exporter/importer: (a) The following enterprises registered under Myanmar Companies Act and Special Company Act of 1950 - Limited Companies (inclusive of foreign companies /branches) - Joint Venture Corporation. (b) Co-operatives societies registered under the Co-operative Societies Law. Term of Registration Fee and Extension Fee Term of registration fee and extension Fee for exporter/importer are asfollows: (a) Term of registration fee and extension fee for one year 50,000/- Kyat (b) Term of registration fee and extension fee for two years 100,000/- Kyat Rights of the Registered Exporter/Importer The following are the rights of registered exporter/importer: (a) To export all products in accordance with the prescribed rules and regulation except for those which are prohibited by the state and the products prescribed to be solely undertaken by the state-owned economic enterprise; (b) To import all products in accordance with the prescribed rules and regulation, with the foreign exchange (earned on export) or using any other permitted methods of import; (c) To do border trade business in accordance the prescribed rules and regulations, but registered exporter/importer should not be a foreign firm; (d) To distribute by whatever means available in the local market; (e) To apply for issuance of business pass-port; (f) To receive the foreign guest for business negotiation. Documents attached for applying Import Licenses - Import License application letter with company’s letter head - Import License application letter (with 6ks revenue stamp) - The original copy of Proforma Invoice - Sales contract - Export Earning recommendation - Recommendation from government departments concern of and organization concerned (If needed) Documents attached for applying Export Licenses - Application Form with the company’s Letter Head - Online Export Application Form - Proforma Invoice/Sales Contract - Copy of Certificate of Exporter & Importer Registration - Necessary documents to be submitted for the exported commodity - Recommendations from related ministries concerned

Friday, 08 September 2017 12:05

ယခုဘ႑ာႏွစ္တြင္ ျပည္ပသုိ႔ ေရာ္ဘာတင္ပုိ႔မႈ တန္ခ်ိန္ ၁ ဒသမ ၅သန္းေက်ာ္ရွိမည္ဟု ခန္႔မွန္း

ေစ်းကြက္အသစ္မ်ား ရရွိၿပီး ျပည္ပ၀ယ္လုိအားျမင့္ တက္လာျခင္းေၾကာင့္

Friday, 08 September 2017 11:55

Export ႏွင့္ Re-export ကြာျခားခ်က္

ျပည္ပပုိ႔ကုန္ (Export) မွာ ျပည္တြင္းမွ ထုတ္ လုပ္ေသာ ကုန္ပစၥည္းကို အျခားႏုိင္ငံတစ္ခုသုိ႔ တင္ ပုိ႔ျခင္း ျဖစ္ပါသည္။

Thursday, 08 June 2017 03:05

ပို႔ကုန္နည္းခ်ိန္ ေဒၚလာတန္ဖိုး က်ဆင္းျခင္းက စီးပြားေရး၌ အက်ိဳးသက္ေရာက္မႈနည္း

ပို႔ကုန္ပမာဏေလ်ာ့ နည္းခ်ိန္တြင္ ကန္ေဒၚလာတန္ဖိုး က်ဆင္းျခင္းသည္ ျပည္တြင္းမွ