# Instruction N°07/GR/2019
# Specifying the conditions and procedures for the declaration, registration, domiciliation and payment of the importation of goods and services
# 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 64, 74, 75 and 195 of the said Regulations,
# HEREBY GIVES THE FOLLOWING INSTRUCTIONS
Article 1- the following instruction specifies the conditions and procedures for the declaration, registration, domiciliation and payment of the importation of goods and services.
# Section 1 - Reporting of imports of goods and services.
Article 2 - Any import of goods shall be declared by the agent to the customs administration or to the customs administration in its stead, in accordance with the model annexed to this Instruction.
The import declaration is separate from the accounting required for the actual import of the good or service.
For goods subject to import restrictions, the importer 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 import 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.
Article 4 - The credit institution shall maintain a cumulative directory of import declarations for goods and services containing the following information:
the name or business name of the importer; - the importer's unique identification code; - the name or company name of the customer and its location; - the reference and amount of the customer' import invoice; -the type of operation (M for import) the nature of the import (G for goods and S for services); the period of the operation; the ISO code of the currency.
Article 5 - Any import of services subject to direct debit is governed by a service contract, duly registered with the tax authorities or those in lieu of the country of destination of the service.
Service contracts relating to imports of services linked or related to an import of goods shall be registered with the customs administration or the administration in place thereof.
# Section 2 - Domiciliation of exports of goods and services
Article 6 - Subject to the exemptions provided for in this Instruction, any import of goods and services whose FOB value, determined in accordance with the provisions of the Regulation establishing the CEMAC Customs Code, is at least equal to CFAF 5 million shall be domiciled by the importer 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.