Bhutan Trade Statistics in Merchandise 1

Transcription

1 Bhutan Trade Statistics in Merchandise 1

2 Presentation Outline Part I: Background Part II: Trade Statistics Bhutan Trade Statistics (BTS) Part III: Challenges Part IV: Way Forward 2

3 Organizational Structure DIRECTOR, DRC COLLECTOR CUSTOMS & EXCISE PROGRAM MGT. UNIT LTO EXCISE SECTION TARIFF & TECHNICAL SECTION PROCEDURES & FACILITATION COMPLIANCE & ENFORCEMENT INTERNATIONA L & CAPACITY BUILDING AFFAIRS UNITS: 1. PMU-SASEC- TFP 2. RAMIS - ICT 3. NTTFC SECRETARIAT 4. CUSTOMS REFORM & MODERNIZATION UNITS: 1.DOMESTIC EXCISE 2.DUTY FREE SHOP 3.EXISE TARIFF 4.EXCISE DUTY REFUND 5. EXCISE LEGISLATION UNITS: 1.HS & BTC 2.TARIFF 3.VALUATIO N & ROO 4. ADVANCE RULINGS 5.BTS 6.ICT UNITS: 1.LEGISLATION 2.PROCEDURES 3.TRADE FACILITATION 4. CLIENT SERVICE PROGRAM 5. WCO INSTRUMENTS & TOOLS UNITS: 1.ENFORCEMEN T 2.INFORMATION & INTELLIGENCE 3. INVESTIGATION 3.RISKMANAGE MENT 4.PCA UNITS: 1. CAPACITY BUILDING 2.RESEARCH & DEVELOPMENT 3.INTERNATION AL AFFAIRS 4. HUMAN RESOURCES 3

4 Background BACS HS, Limited users of Trade data - Quality of data was poor

5 Data Collection Eight RRCO s TIS Unit Data Collection Data Verification Data Validation Publication (Provisional) 5

6 BTS Report Format BoT Commodity and Partner Country Check post Partner country and commodity BTS Top Ten Section, Chapter and commodity Partner countries ranking 6

7 Balance of Trade A. Trade including Electricity B. Trade excluding Electricity 80,000 68,037 80,000 67,788 60,000 40,000 56,885 35,229 35,585 53,273 53,094 31,853 28,420 48,698 31,486 60,000 40,000 20,000 56,566 23,105 24,951 53,050 53,081 48,687 20,626 19,295 21,044 20, ,000-40, ,000-40,000-60, Import Export Balance Import Export Balance 7

8 TRADE VOLUME NU. (million) TRADE INDIA 3 rd COUNTRIES India 3 rd Contry IMPORT 43,889 47,847 9,383 9, EXPORT 28,979 31,801 2,873 3, BALANCE (14,910) (16,043) (6,509) (5,253) (21939) (10868) Deficit: 2013 ( = Deficit 2014 ( = Deficit 2015 ( = 32807

9 Import Profile Vehicle (9.52 bn) 14% Wood (1.7 bn) 3% Others (4.49 bn) 7% Animal Products (2.85 bn) 4% Vegetables (3.52 bn) 5% Edible Oil (0.99 bn) 1% Minerals (12.46 bn) 18% Machinery & Electrical (13.89 bn) 21% Base Metal (10.24 bn) 15% Chemicals (2.8 bn) 4% Plastic (2.67 bn) 4% Food stuffs (2.65 bn) 4% 9

10 Export Profile Others (2.17 billion) 9% Vegetable (2.42 billion) Mineral products 11% (5.53 billion) 24% Base metal (10.35 billion) 45% Chemicals products (2.64 billion) 11% 10

11 Size of the economy and structure in 2014 Size of the economy: Nu million Primary Secondary Service Growth rate: 5.46 % Primary sector growth: 2.37 % Secondary sector: 3.06 % Ser vice sector: 8.91 % 11

12 Challenges Valuation Smuggling Informal Trade Zero rated Goods -Undervalue High Tariff - overvalue Restricted Goods Prohibited Goods Porous border -Smuggling System Standalone Late data 12

13 Sl. No. BST (%) INDIRECT TAX SLAB Excise Duty on AWP liquor (%) % Premium Brand % - Mid Brand % - Ordinary Brand *** SAARC Countries Preferential Tariff applied. Tariff rates are based on the nature of items and its utility in the importing countries. Fiscal policy to curb imports or exports.

14 Way Forward Legislation WTO Valuation Method (Automation) Web-based system Non-Intrusive inspection Trade facilitation Simplified customs system 14

15 Legislation Sec. 20 Classification based on Bhutan Trade Classification (BTC), Customs Tariff and Sales Tax Schedule in force Sec. 21 BTC shall be in accordance with the HS Nomenclature Sec 22 Creation of National Codes beyond six digit Sec. 120 Advance Ruling on classification 15

16 Tariff Policy. - Guided by Economic and social and Environmental Policy of the Govt. (EDP and Fiscal Incentive). - Nature of use Raw materials and machineries Tax exempted. - Alcohol and luxury items are taxed high. - Bilateral and multilateral agreements -To correct Balance of trade - To curb consumerism. - Promote investment. - 16

17 Automation Online payment & declaration Advance ruling in classification Valuation database for Post Clearance Audit Dynamic data reports Data anlysis 17

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