Release
Goods Before Duty Payment (RGBDP) Scheme
The Hong Kong Customs and the Federal Express Pacific, Inc. (FedEx)
signed a Memorandum of Understanding (MOU) under the “Release
Goods Before Duty Payment (RGBDP) Scheme” on 30 November
2005. As a trade facilitation initiative, the RGBDP Scheme
aims to streamline the duty payment formalities and shorten the
clearance time for dutiable goods. It also enhances air cargo
clearance efficiency and establishes a closer partnership with
the industry.
Under the Scheme, participating cargo operators importing dutiable
goods to Hong Kong will first furnish a security bond to the department. Upon
receipt of a general demand note on the duty amount issued by the
department, the cargo operator can remove the imported dutiable
goods. Duty payment can be settled within two working days
through various means, such as on the Internet.
The FedEx is the third company joining the RGBDP Scheme after
DHL Aviation (Hong Kong) Ltd. and TNT Express Worldwide (HK) Ltd.
signed similar MOU with the department when the scheme was first
launched in June 2004. The participants value the Scheme
for its convenience and flexibility.
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