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The Customs Authority (Amendment) Proclamation No. 125-1998

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OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 4 Year No . 55 ADDIS ABABA - 30 June , 1998 CONTENTS Proclamation No . 125 / 1998 Customs Authority ( Amendment ) Proclamation . . Page 798 PROCLAMATION NO . 125 / 1998 A PROCLAMATION TO AMEND THE RE - ESTABLISHMENT AND MODERNIZATION OF THE CUSTOMS AUTHORITY PROCLAMATION WHEREAS , it has become necessary to introduce the Automated System for Customs Data and Management ( ASYCUDA ) , with a view to accelerating the effort to modernize the Customs Authority , improving the efficiency of its services to the business community , effectively implementing the country ' s trade or fiscal and other related policies as well as to instantly compiling and utilizing foreign trade statistics ; WHEREAS , introduction of the customs automated system requires not only compliance with practices that are conducive , help provide efficient services and are internationally recognized but also removal of those that are to the contrary ; WHEREAS , to this end , an amendment to the proclamation relating to the Customs Authority is called for ; NOW , THEREFORE , in accordance with Article 55 ( 1 ) of the Constitution of the Federal Democratic Republic of Ethiopia , it is hereby proclaimed as follows : [ UnitPrice 2 . 30 www . AfricanLawArchive . com * * * The African Law Archive * * * www . AfricanLawArchive . com 1 . Short Title This Proclamation may be cited as the " Customs Authority ( Amendment ) Prclamation No . 125 / 1998 . " 2 . Amendment Article 51 of the Customs Authority Proclamation No . 60 / 1997 is hereby repealed and replaced by the following new Article 51 : “ 51 . Exchange Rate For customs taxes and duty calculation purposes , on value of goods imported into the country or exported out of the country , the exchange rate shall be the official rate declared by the National Bank of Ethiopia on the day of accepting customs declaration by the Customs Authority . ” 3 . Effective Date This Proclamation shall come into force as of the 30th day of June , 1998 . Done at Addis Ababa , this 30th day of June , 1998 . PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA AfricanLa www . AfricanLawArchive . com * * * The African Law Archive * * * www . AfricanLawArchive . com

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