The Director-General of Customs and Excise has now issued Regulation No. PER-25/BC/2023 (“DJBC Regulation No. 25/2023”), which explicitly addresses entries and releases of goods from areas that are stipulated as Free Trade Areas and Free Ports (“Free Areas”) through consignment goods. This new regulation is set to come into force on 22 March 2024.
Read today’s #BILLawfact for a deeper understanding on the new provisions governing the entry and release of consignment goods to and from Free Areas. Should you have any questions regarding this topic, or if you would like to request legal assistance, you can reach us at [email protected].