Home / Economy / New Customs Code Sets New Form of Declaration

New Customs Code Sets New Form of Declaration

The new customs code enables to carry out customs clearance by inserting data in own records and establish automatic system of declaration in customs clearance field with the aim to cut administrative expenses of a customs filer.

The new customs legislation introduces a new form of warranty.

The new customs code considerably simplifies customs procedures, the Minister of Finance noted when introducing the customs code bill.

The bill simplifies border procedures. The shipping companies are enabled to carry out declaration in advance: 200 days earlier for imports and 150 days earlier for exports. As a result, the time for issuing registration certificates will be reduced.

Moreover, the bill introduces an authorized economic operator system in Georgia. This system calls for the government’s higher confidence in business sector and recognition of the Georgian authorized economic operator by EU countries.