Money and BusinessNationalnews

Customs duties exemption for imported Eid sacrifice sheep

The Address | Benghazi- Libya

TRIPOLI – The Presidential Council of the Tripoli-based Government of National Accord (GNA) issued a resolution on Wednesday exempting the imported Eid sacrifice, which is a sheep that Muslims sacrifice on the religious ceremony of Eid al-Adha, from customs duties for this year as of July 10, 2018.

The Council had allocated $125 million for the supply of sacrifice sheep, with the value deducted from the import budget for the current year.

The Council amended its resolution No. 1070 on the importation of sacrifice sheep to be imported under collection documents rather than documentary credits.

The resolution stressed the need for companies to undertake the arrival of sheep in a timely manner before Eid al-Adha, which will be on August 22.

The resolution indicated that companies that would supply sheep after the deadline would not be given documentary cover for their imports.

Tags

Related Articles

Close