Gov't takes action against T&T exporter
Monique Grange, Assistant News Editor
The Gleaner/Power 106 News Editor
Minister of Industry, Investment and Commerce, Anthony Hylton, says the government will be taking action against a major exporter in Trinidad and Tobago for breaching the rules of origin in the Treaty of Chaguaramas.
The action is in relation to an alleged scheme which was uncovered by the ministry’s trade enforcement team last year.
Speaking during the Sectoral Debate in Parliament earlier this afternoon Hylton said the scheme involved the exportation of lubrication oils by Trinidad’s state owned oil company, Petrotrin.
He said the product has been claiming CARICOM origin status for years without attracting the applicable duties under the Customs Act when in fact it’s not a product from Trinidad and Tobago.
The Industry Minister said the Jamaica Customs had issued a verification query on the product to the Trinidad and Tobago Customs and Excise Division.
But he said more than six months after the query was sent, officials in Trinidad and Tobago have not responded.
As a result, Hylton informed that he has instructed the Jamaica Customs Department to transfer the $184.2 million accumulated in interim charges into the Consolidated Fund with immediate effect.
He says customs duties will now be applied on lube oil entering Jamaica from Trinidad and Tobago.
Hylton stressed that the government will be moving to ensure that trade rules are imposed without fear or favour.
FOR MORE STORIES WATCH: