President of the T&T Customs Brokers Union, Leroy Lee Chong, believes there will be mass retrenchment, loss of Government revenue and importation of dangerous drugs and equipment into T&T, if Government proceeds with its budget proposal to implement an expedited customs service for low-valued commercial consignments.
In an interview yesterday, Lee Chong said the union was calling for an emergency meeting with Finance Minister Winston Dookeran to discuss statements made in the 2010/2011 budget. In his budget speech, Dookeran said a formal customs entry was required for goods valued US $1,000 or more. As a consequence, Dookeran said, all consignments of a lower value were admitted without the requirement for the importer to provide a customs entry. The main consideration at the time, Dookeran said, included "providing a simplified and expedited procedure for the examination and release of low value consignments."
He said: " We will now increase the value to $20,000 for which no formal customs entry is required. This measure requires no amendment to the Customs Act." However, Lee Chong described this new arrangement as illegal and said it could have negative consequences for the customs brokers as well as T&T as a whole. "We cannot understand how this measure could be mentioned as we believe it is illegal and contrary to the existing arrangements for customs clearance directed to household and personal effects," Lee Chong said. He said unscrupulous businesspeople would attempt to defraud the State by making false declarations about the quantity of their goods.
"There will be no checks and balances. We could have undervaluing of shipments because there is no system in place to check the goods," Lee Chong said. He added that would also leave an opening for people to bring in guns and drugs into T&T. "Also consignments will be broken up in quantums of $20,000 per shipment to beat the system and this will lead to a loss of revenue for the state," Lee Chong said. Expressing concern of impending mass retrenchment Lee Chong said the jobs of customs brokers soon would become redundant.