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Tuesday, January 1, 2008

Customs Import Duties & Excise Duties

The authorities announced a good news and a bad news (see article from Brunei Times below). The good news was that import duties are being abolished for cars. The bad news was that this will be replaced by an excise duty with exactly the same rate. Impact - none to you and me. Slight administration adjustment to importers but otherwise absolutely no impact.Why do this? It's the government's

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