{"id":118063,"date":"2024-05-03T21:05:11","date_gmt":"2024-05-03T21:05:11","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade"},"modified":"2024-05-03T21:27:40","modified_gmt":"2024-05-03T21:27:40","slug":"kenya-uk-enhance-customs-valuation-system-to-boost-trade","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade","title":{"rendered":"Kenya, UK enhance customs valuation system to boost trade"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>The Kenya Revenue Authority and the United Kingdom (UK) have partnered to streamline customs valuation process to make it more efficient, transparent, consistent, and predictable.<\/p>\n

Customs valuation is the process of determining the value of goods for the purpose of assessing the amount of taxes and duties they should be charged.<\/p>\n

This is expected to reduce disputes, ensure faster clearance of goods for businesses, and create a level playing field.<\/p>\n

This process is also expected to boost government revenues, resolve issues of trade based money laundering, and contribute to safeguarding consumers from unsafe and counterfeit products.<\/p>\n

As part of this enhancement, KRA with funding channelled through TradeMark Africa by the UK trained over 2,200 people involved in import of goods.<\/p>\n

The two month-long activity convened customs staff, clearing agents, and traders from Nairobi, Mombasa, Eldoret, Busia, Malaba, Namanga, and Moyale to improve their understanding of valuation rules and enhance their awareness on recent updates to the system.<\/p>\n

Commenting on the continued partnership between KRA and the UK, the British High Commissioner to Kenya Neil Wigan said: \u201cKenya is at the heart of East African trade. We want that trade to operate at maximum efficiency, to benefit businesses and consumers across Kenya and East Africa.\u201d<\/p>\n

Wigan said the UK and Kenya are working together in partnership to provide high quality infrastructure, which will deliver growth for Kenya and the region.<\/p>\n

\u201cWe go far when we go together,\u201d he said.<\/p>\n

The funding for the project is part of the UK government\u2019s work to drive sustainable and inclusive trade in Kenya and across Africa.<\/p>\n

The project supports the delivery of the UK-Kenya Strategic Partnership, an ambitious five-year agreement delivering mutual benefits for the UK and Kenya, including job creation and economic growth.<\/p>\n

KRA\u2019s Commissioner for Customs and Border Control Department, Lilian Nyawanda, noted that the customs valuation initiative will improve the skills of new customs staff, helping them understand better ways to value goods and use AI in custom processes.<\/p>\n

\u201cThe implementation of the customs valuation training has enhanced the knowledge and competency of the new customs staff in applying best practice in valuation methods, utilising iCMS modules, and understanding issues like trade-based money laundering in addition to inculcating artificial intelligence in customs processes,\u201d Nyawanda said.<\/p>\n

\u201cJoint training of customs agents and traders will ensure that everyone works together to solve valuation related issues, while also simplifying their interaction with customs systems,\u201d she added.<\/p>\n

She said the move comes at a perfect time as the authority focuses on making trade smoother and boosting Kenya\u2019s economy.<\/p>\n

iCMS, the Customs Management System of KRA, automates customs procedures and facilitates seamless communication between KRA and its internal and external stakeholders to streamline clearance processes.<\/p>\n

By allowing KRA to receive goods declarations prior to ships’ arrival at the port, iCMS significantly reduces clearance time through anticipatory risk analysis before consignments reach the port.<\/p>\n

KRA\u2019s Customs and Border Control departments handle the authority\u2019s import processes, from classifying goods and collecting taxes to clearing them for entry.<\/p>\n

Their work also entails combatting smuggling and illicit trade activities. Currently, due to limited staffing, customs valuation focuses on high-risk commodities using a risk-based approach.<\/p>\n

Officers at cargo points check documentation and declared values, while a dedicated valuation unit handles complex cases.<\/p>\n

If there are disagreements on value, clearing agents representing importers and exporters work with the valuation unit to find a resolution.<\/p>\n

The trainings form part of a broader framework of activities including, continuous engagement with the private sector to validate and address challenges; incorporating price reference databases; enhancing the valuation module and dispute resolution logic; strengthening customs staff capacity; and exploring the establishment of a data exchange framework with customs authorities in key source countries.<\/p>\n

The trainees were also trained about the World Trade Organisation (WTO) Agreement on Customs Valuation (ACV) for valuing imported goods.<\/p>\n

The system has been in use in Kenya (and the EAC region) since 2000. The ACV establishes a customs valuation system that primarily relies on the transaction value of imported goods, which refers to the actual price paid or payable for the goods when sold for export to the importing country, with certain adjustments for costs and charges.<\/p>\n

Samuel Owuor Ominde, a trainer from the Kenya School of Revenue Administration, noted that Kenya\u2019s customs valuation system faces challenges, including traders struggling with valuation methods.<\/p>\n

The process has for long faced disputes over pricing, limited data and valuation alternatives, leading to delays and revenue losses.<\/p>\n

\u201cCustoms valuation plays a big role in investment and expansion of trade. Customs officers, therefore, need to be conversant with valuation procedures, as their primary mandate is to facilitate international trade,\u201d Ominde said.<\/p>\n

\u201cSince international trade requires transparency, and valuation is key in this, it must be properly handled, or it can cause disputes. But if the officers know how to handle the process, then it becomes fast and saves money.\u201d<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. The Kenya Revenue Authority and the United Kingdom (UK) have partnered to streamline customs valuation process to make it more efficient, transparent, consistent, and predictable. Customs valuation is the process of determining the value of goods for the purpose of assessing the amount of taxes and duties they should be charged. This […]<\/p>\n","protected":false},"author":84,"featured_media":118062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-118063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nKenya, UK enhance customs valuation system to boost trade - kenya<\/title>\n<meta name=\"description\" content=\"The Kenya Revenue Authority and the United Kingdom (UK) have partnered to streamline customs valuation process to make i ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya, UK enhance customs valuation system to boost trade\" \/>\n<meta property=\"og:description\" content=\"The Kenya Revenue Authority and the United Kingdom (UK) have partnered to streamline customs valuation process to make i ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-03T21:05:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-03T21:27:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/05\/sm_1714755335.636004.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kenya, UK enhance customs valuation system to boost trade\",\"datePublished\":\"2024-05-03T21:05:11+00:00\",\"dateModified\":\"2024-05-03T21:27:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade\"},\"wordCount\":835,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/05\/sm_1714755335.636004.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-uk-enhance-customs-valuation-system-to-boost-trade\",\"name\":\"Kenya, UK enhance customs valuation system to boost trade - 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