Businesses bound to comply with export/import regulations

All business entities must sign a letter of commitment that they are aware of export/import news bulletins and will comply with export and import rules and regulations, the Union of Myanmar Federation of Chambers of Commerce and Industry notified on 25 June.
The Trade Department declared that certain types of goods are allowed to be stored in customs warehousing according to the export and import news bulletin of 2/2024.
The Trade Department warned the exporters and importers of penalties for non-compliance with the Export and Import Law, directives and guidelines starting from 1 July 2024. It informed them to seek licences first as pre-arrival documentation for all types of shipment by air and sea, according to the export and import news bulletin 3/2024 of the Trade Department.
Regarding those statements, companies engaged in export and import activities are called to meet and sign the commitment letter that they are bound to comply with rules and regulations.
Only the signees will be considered in import licensing. Therefore, the directors and representatives of the companies that have not signed it yet are asked to proceed to signing at the Trade Department in Nay Pyi Taw and the nearest export and import offices (Yangon, Mandalay) and MIC (One Stop Services).
Director-level representatives of the companies must sign in the designated form that they are aware of news bulletins and will comply with them, and send it to the Export-Import Division of the Trade Department through contact number 09 765595406 and email [email protected] and to the UMFCCI via 01 2314344-49 Ext (464) and email [email protected]. — NN/KK

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