# Instruction N° 06/GR/2019
# Specifying the terms and conditions for the declaration, domiciliation of exports of goods and services and the repatriation of related revenues to the CEMAC
# THE GOVENOR,
Mindful of the Statutes of the Bank of Central African States in force;
Mindful of Regulation No. 02/18/CEMAC/UMAC/CM of 21 December 2018on exchange rate regulation in CEMAC;
Pursuant to articles 60 and 195 of the said Regulations,
# HEREBY GIVES THE FOLLOWING INSTRUCTIONS
Article 1 - This Instruction defines the conditions and procedures for the declaration and domiciliation of exports of goods and services outside CEMAC, as well as for the repatriation of the related revenues.
# Section 1. Reporting of exports of goods and services.
Article 2 - Any export of goods shall be declared by the exporter or his agent to the customs administration or to the customs administration in its stead, in accordance with the model annexed to this Instruction.
For goods subject to export restrictions, the exporter or his authorised representative shall request authorisation from the competent technical authorities before making a declaration to the customs administration or in its place.
Article 3 - All transactions related to the export of services are reported to the Central Bank. To this end, credit institutions shall collect, on its behalf, import declarations for services, in accordance with the model annexed to this Instruction.
BEAC
BP. 1917 Yaoundé
Cellule Centrale d'Etudes des Transferts
et du Suivi de la Réglementation des Changes
Article 4 - The credit institution shall maintain a cumulative directory of export declarations for goods and services containing the following information:
the name or business name of the exporter; - the exporter's unique identification code; - the name or company name of the customer and its location; - the reference and amount of the customer's export invoice; - the type of operation (X for export); -the nature of the export (G for goods and S for services); - the period of the operation; - the ISO code of the currency.
Article 5 - All external transactions related to services shall be declared by the exporter or his authorised representative to the Central Bank (in accordance with the model attached hereto) or to the customs administration or to the customs administration in lieu thereof in the case of an export of services connected with an export of goods.
All exports of services are evidenced by a contract for the provision of services or any document under the conditions provided for by exchange regulations.
# Section 2. Domiciliation of exports of goods and services
Article 6 - Subject to the exemptions provided for in this Instruction, any export of goods and services whose value is at least equal to CFAF 5 million shall be domiciled by the exporter by instructing an approved intermediary of the country of origin to carry out, on his behalf, all formalities and banking operations relating to it, from the initiation to its discharge.