Import Export

23 articles

Advice ignored to cancel declaration for cigarette containers

Maldives Customs ignored internal legal advice by cancelling import declarations for two cigarette containers, allowing the importer to benefit from lower duty rates. This move is expected to cost the state MVR 38 million in revenue. High-ranking officials reportedly ordered the cancellation despite regulations prohibiting such changes.

2 months ago

Business

"Air cargo export statistics do not align with airline records"

Ace Travels CEO Mohamed Firaq claims official June air cargo export data from Maldives Ports Limited is significantly underreported compared to airline records. He warns that these discrepancies and rising fees could damage the nation's regional competitiveness. Firaq is calling for a thorough review to ensure statistical accuracy.

2 months ago

News

Advice ignored to cancel declaration for cigarette containers

"Air cargo export statistics do not align with airline records"

India increases export of basic commodities

Duty exemption for 15 years for investments above MVR 1.5 billion

STO to import 23 items as basic commodities

MIFCO to export fish directly from Addu city

Trump announces 10 percent tariff on Maldivian imports

Salary expenditure increase, import duty revenue remain low

Saeed not aware of projected impact of China FTA

"Decline in import duty revenue is not due to FTA with China"

Turkey agreement will reduce duties on fish exports

Majlis approves tax hikes, higher duties on cigarettes and vapes

Import duty on cigarettes to be increased to MVR 8 from November

Two more Indian ports to export essential commodities

Duty threshold raised for items imported for personal use

Maldives fish exports fall to record low

Boneless chicken shortage push up prices

Trade Association objects to USD fee for boats

BML faces dollar shortage crisis

Fish exports continue to decline