A new motion laid by Parliament in Anguilla’s House of Assembly, offers up to a 25 per cent duty concession on beds and other materials which can be used to furnish villas.
However, the goods cannot be sold within five years of using this government concession. Heavy penalties are attached if furnishings are disposed of in contravention to the resolution.
Statutory Instruments of Anguilla No. 201 made by the House of Assembly under section 77 (1) of the Customs Act, on September 3, says the House exempts from duty the goods imported into Anguilla specified in the Schedule – which is an extensive list of furnishings and equipment for villas.
However, the resolution says such goods shall not, within five years of the date of importation, be sold, exchanged, given away or applied to any use other than the use specified.
Further, on the expiry of six months from the date of importation and each successive six-month period within the 5-year period after the date of importation, the importer shall certify to the Comptroller of Customs that he has complied with the conditions set out.
The resolution says that upon demand made by a customs officer, the goods exempted from duty shall be produced or otherwise accounted for to the customs officer.
The resolution states that if any of the goods exempted from duty under this resolution are sold, exchanged, given away or applied to any use other than the use specified in the Schedule within the five year date of importation the importer shall pay the duty on the value of such goods at the rate of duty specified in the Integrated Customs Tariff at the date of importation.
The resolution states that the importer and any person knowingly concerned in such sale, exchange, gift or unsanctioned use is guilty of an offence and may be arrested and is liable to a fine of EC $20,000 or three times the duty relieved, whichever is the greater, or to imprisonment for a term of two years or to both.
Anguilla’s local currency is the Eastern Caribbean dollar, which is fixed to the U.S. dollar at $2.72(EC) to $1(USD).
The resolution also states that the goods in respect of which the exemption was granted are liable to forfeiture as well, if the law is contravened.
Penalties are also attached if the importer fails to certify that he has not sold, exchanged, given away or applied the goods to any use other than the use specified in the Schedule.