Jordan customs department reports around $2.1bln in 2020 revenues

Jordan customs department reports around $2.1bln in 2020 revenues

Jordan customs department reports around $2.1bln in 2020 revenues Only 11.2% of the Kingdom's imports were subject to tariffs and fees    AMMAN - The Jordan Customs Department (JCD) on Tuesday said it collected JD1.447 billion in tariffs and fees in 2020.JCD Director General Maj. Gen. Abdelmajid Rahamneh was quoted in the Jordan News Agency, Petra, as saying that only 11.2 per cent of the Kingdom's imports were subject to tariffs and fees while imports valuing JD9.2 billion have been exempted under investment laws and trade agreements.On the potential growth of the department's revenues in 2021, he said that primary indicators forecast increases in imports, adding that the granted exemptions will be minimised which would increase the government's revenues.He also highlighted that the JCD has managed to save some JD680,000 through switching to alternative energy.© Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).Zawya CoveragepowerMENA's installed solar capacity to reach 35 gigawatts by 2023: MESIAacquisitionAbu Dhabi's IHC buys food supplier Royal Horizon for $21mlnreal estateDubai's tenants at advantage over landlords in 2021 as rents almost halvedpowerDigging for heat: UAE's Tabreed, Masdar join hands for region's first geothermal projectequitiesPost-merger, NCB Cap to become Saudi's largest asset management