Myanmar Customs urges exporters to provide real-time trade data
The Customs Department notified on 27
September that exporters need to make real-time trade reporting to facilitate
trade, as per its notification 005/2024.
Customs Department is making continuous
efforts to ensure smooth trade flow. Real-time information on exported goods is
sent simultaneously to the departments concerned upon allowed shipment.
Regarding short shipment and ED cancellation reports, there will be amendments
in export documents and bills of lading for trade quantity, description of
goods and cost.
Yet, some companies are found to fail to
send real-time data of short shipments and ED cancellation months after allowed
shipment, causing amendments in trade data of the departments concerned and
hindering the repatriation process of export earnings.
In order to ensure the accuracy of trade
data statistics, exporters need to fill in export declarations with correct information
about the type, quantity, and destination of goods to be shipped. Customs
Department stated that they need to immediately send a letter to Customs
officers in case of amendments in trade data, short shipment, or cancellation.
— NN/KK
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