16.11.2021 3D Gift

According to the Ministry of Commerce, some imported goods will be licensed under the import license system to regulate the use of foreign currency for the import of goods.

In the aftermath of the COVID-19 outbreak, the country’s exports, In order to streamline imports and regulate the use of foreign currency for imports, some imported goods will be subject to import licenses.

 

 

A list of those who need to apply for a license will be released in stages so that importers can prepare for the transition to the import license system.

The first step is to develop electronic devices. Some food items Cosmetics and consumer goods; Paper products; According to the Joint 2017 Customs Tariff of Myanmar, 1428 product lines with H.S Code 6 Digit or 3,070 product lines with H.S Code 10 Digit are required to apply for import license from 1 January 2022.

Therefore, according to the Notification No. 68/2020 issued on 22 October 2020, the goods specified in the H.S Code 10 Digit are 3931 freight lines which are required to apply for import licenses. Imports by air and border trade will be allowed from January 1, 2022 only after applying for an import license in accordance with the procedures. An announcement will be made in accordance with the Export-Import Law to list the goods in paragraph (3) above that need to apply for an import license.

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