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Customs introduces modernized system

Bahamas Customs and Excise Department has launched a public awareness campaign as it continues to integrate technology into its operations. Pictured: Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest (centre) held a press conference, Wednesday, August 14, at his office to launch the Bahamas Customs and Excise Department’s public education campaign for the Customs Modernization Initiative. (BIS Photo/Derek Smith)

Thursday, August 15, 2019
Friday, August 16, 2019

Click2Clear logoBahamas Customs and Excise Department has launched a public awareness campaign as it continues to integrate technology into its operations.

The Customs Modernization Initiative includes a new online portal and the Click2Clear service which will allow importers clarity and consistency as they negotiate the necessary documentation and regulation. With customs processes digitized and automated, online payments will be accepted round the clock and there will be tighter controls and a strengthened risk management infrastructure.

“What we envision is a revenue collections agency that performs its functions in a secure, modern and convenient way,” said Deputy Prime Minister and Minister of Finance Peter Turnquest. “Technology is at the heart of this transformation process and is going to take Customs into the future.”

“The benefits of this transformation are numerous, as the government will have accurate statistical information for more effective policy making and real time information to assist with better budget planning.”

As it prepares to roll out the new technology, the government is introducing stakeholders to the system with customs officers, brokers, agents and shipping companies receiving training.

Now, the department is urging individuals to register before the end of September, as everyone who imports or exports goods is required to sign onto Click2Clear.

By registering, users can verify customs charges, receive email confirmation when duties are paid on their behalf and monitor their import/export activity from their own devices.

Cosmetics is a growing and profitable market for Caribbean producers, according to regional trade group Caribbean Export which praised local firm bahamaSpa for bringing its line of natural soaps and lotions to European consumers.

Investar Securities Ltd's recently launched Titan Balanced Fund has raised more than $4.5 million from individual and institutional investors in just over a month, according to the Bahamian investment group.

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