The Bureau of Customs and Excise will on Monday launch ASYCUDA Liberia software pilot project initiated by the Department of Revenues at the Finance Ministry.
According to the Ministry, the launching ceremony of ASYCUDA Software System is intended to fully automate customs processes and to improve its service delivery to the public, will take place at the one-stop-shop at the Freeport Customs collection in Monrovia.
However, Ministry of Finance is saying that the system is also intended to reduce customs clearance processes to facilitate trade and commence particularly importation and exportation of goods. They further indicated that the ASYCUDA system will use risk management principles to conduct customs examination and it will apply new business rules to manage declaration processing so as to minimize fraud and abuse in government revenue collection.
The ASYCUDA Liberia, according to the Ministry, has demarcated the country into four regions for easy tax administration and for the payment of customs duty. The Ministry is saying that the four regions include the Northwest Ganta customs Collectorate, Southwest Bo- Waterside Collectorate, Northwest Voinjamin Collectorate as well as the Southeast Buchanan Collectorate.