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Free Trade Zones Order, 2014.

Country/Territory
Brunei Darussalam
Document type
Legislation
Date
2014
Source
FAO, FAOLEX
Long title
An Order to provide for the establishment of free trade zones in Brunei Darussalam and for matters connected therewith and incidental thereto.
Subject
General
Keyword
International trade Internal trade Offences/penalties Authorization/permit Procedural matters Processing/handling Royalties/fees Transport/storage Tax/levy
Geographical area
Asia, Asia and the Pacific, South-Eastern Asia
Entry into force notes
This Law enters into force on 1st January 2015.
Abstract

This Order, consisting of 38 Articles divided into X Parts, provides for the establishment and management of free trade zones in the Sultanate. The Authority responsible for administering, maintaining, and operating any free trade zone declared under Article 4 is appointed by the Minister of Finance (art.3). The declaration of any area in Brunei Darussalam as a free trade zone occurs by notification published in the Gazette, also defining the limits of the free trade zone and, per Article 5, goods brought into a free trade zone for any purpose permitted shall be exempted from customs duty and excise duty. Functions and powers of the Authority governing the free trade zone are provided for in Part V as follows (i) the Authority is responsible for providing and maintaining facilities in the zone and must comply with directions from the Minister; (ii) customs offices are allowed in the zone, and suitable facilities must be provided for customs officers; (iii) the Authority can permit the construction of buildings and structures in the zone but retains the right to control such permissions; (iv) it may exclude or remove goods or activities that are considered dangerous or detrimental to public interest, with the option for individuals to appeal such decisions to the Minister.

Full text
English
Website
www.agc.gov.bn

References - Legislation

Implemented by

Free Trade Zones Regulations, 2014.

Legislation | Brunei Darussalam | 2014

Keyword: International trade, Internal trade, Authorization/permit, Procedural matters, Processing/handling

Source: FAO, FAOLEX