King Bros. Limited

Quality service as Customs Brokers and Ship's Agents in Victoria since 1911.
20 Nov 0

Elimination of the General Preferential Tariff (GPT)

Posted by admin

Effective January 1st 2015, the Canada Border Services Agency will withdraw the benefit of the General Preferential Tariff from 72 of the current 176 beneficiary countries. The withdrawal applies to countries including China, Hong Kong, India, Indonesia, Malaysia, and Thailand to name but a few. The complete list, and the specific regulations are contained in Customs Notice 14-019 which can be found here : http://www.cbsa-asfc.gc.ca/publications/cn-ad/cn14-019-eng.html

Many goods which are now currently duty free, or enjoy a reduced rate of duty, will be subject to the Most Favoured Nations (MFN) tariff rate, and in some cases will see an increase in duty. We encourage our clients to contact our office to confirm if their specific commodities will be affected by this policy change in order to avoid any surprises in January.

For goods in transit on January 1st, CBSA will allow GPT rates to be applied provided there is proof of shipment prior to the cut off date.

Leave Your Comment

Track your
PARS shipment

About King Brothers

King Bros. Limited has been offering quality service as Customs Brokers and Ship's Agents in Victoria since 1911. We maintain the only Customs Brokerage office in Victoria and are able to arrange clearance of your goods at any port in Canada.

Location

Contact Us

306 Hartwig Court,
1208 Wharf Street
Victoria, British Columbia V8W 2P5
Phone: 250-384-1174
Fax: 250 382 3231
Email: info@kibro.com
Website: www.kibro.com