8.4. Customs Procedures and Documentation

The Customs Act 2023 introduces an entirely new statutory chapter establishing Free Trade Zones (FTZs). Within an FTZ, storage, sorting, processing, and trading of imported goods can occur 100% duty-free, provided the goods are exported, sold as inputs to another exporter, or consumed strictly within the zone. Additionally, the law mandates that the final assessment of provisionally assessed goods must be completed within 120 working days.