ZIMSEC O Level Commerce Notes: Functions of customs and excise authorities
- Collect and revenue for the government by charging customs and excise duties.
- Collect, keep and analyse records of imported and exported goods and services.
- Control bonded warehouses to ensure that duty is collected on imported dutiable goods before releasing them.
- Supervise public health by arranging quarantine for animals e.g. pets coming into the country thus controlling infectious diseases.
- Supervise entrepot( re-export) trade to ensure that no duty is charged and collected on goods destined to another country.
Statistical records of imports and exports.
- The customs and excise authorities collect and keep records of goods entering and those leaving the country for the following reasons:
- To show trends in trade especially:
- The volumes or quantities, value and types of imported and exported goods.
- Countries of destination for exports and countries of origin for imports.
- To enable the government to:
- Realise and be aware of its trading position with individual countries and the rest of the world in general.
- Calculate the balance of trade and balance of payments.
- Take corrective measures when there is an unfavourable balance of trade or balance of payments.
- Evaluate the effectiveness of its tax collection system.
- Assess the results (effects) of its trade policies with other countries.
- Determine the needs of its citizens.
To access more topics go to the Commerce Notes page.
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