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No new duty on import policy as yet despite Premier’s annoucement
ROAD TOWN, Tortola, VI - Customers on the watch for expected lower prices on store shelves due to the recent announcement that effective February 1, 2012 persons importing goods into the Territory will see a reduction in their duty charges - as they will only be required to pay duty on Free On Board (FOB) costs as opposed to the previous practice of paying on Cost, Insurance and Freight (CIF) - will have to wait a little while longer.
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