MALDIVES LAW AND PRACTICE Contributed by: Shaaheen Hameed, Hassan Maaz Shareef, Aminath Amathulla, Nazahath Ahmed, Isha Ali Raoof, Aifa Shareef, Noorul Hudha Ahmed and Mohamed Azmee, Premier Chambers LLP
Value-Based Tariff Rates Notwithstanding the general rates specified in the Export Import Act, for goods with a CIF value per unit exceeding MVR6,425,000, the following tiered rates apply: • CIF value per unit between MVR6,425,000 and MVR12,850,000: 13%; • CIF value per unit between MVR12,850,000 and MVR25,700,000: 7%; • CIF value per unit between MVR25,700,000 and MVR38,550,000: 5%; and • CIF value per unit between MVR38,550,000: 4%. General Exemptions The following items are exempt from tariffs: • personal items and duty free allowances • biodegradable and non-biodegradable vari - ants of plastic bags, sacks, films, sheets, tube rolls, polyurethane, prefabricated green - house units, water system pipes and hydro - ponic/drip irrigation pipes; • renewable energy vehicles, machinery and equipment; determined by the President; • goods imported for re-export; • renewable energy generation equipment; • items and fish imported for fish processing and value addition; • items and raw materials for poultry produc - tion expansion; • agricultural items listed by the Ministry of Agriculture and Animal Welfare of the Mal - dives; and • diesel exemptions for fishing vessels operat - ing within Maldivian waters and for electricity generation by registered public utilities.
tions may apply to some countries under free trade agreements (FTAs). The tariff rates in the Maldives are generally between 0% and 400%. Goods and Applicable Tariffs A general list of goods subject to the highest tariff rates is as follows. • Tobacco and related products: (a) general tobacco and tobacco products: 200%; (b) cigarettes: 50% + MVR8 per cigarette; (c) Bidi (traditional cigarettes): 50% + MVR8 per Bidi; (d) flavoured chemicals for e-cigarettes and tobacco: 50% + MVR8 per ml; (e) heated tobacco products and sticks: 50% + MVR8 per stick; (f) electronic devices (e-cigarettes, vap - ing devices, tobacco heating products): 200%; and (g) paper used for rolling cigarette/bidi: 200%. • Other products: (a) non-biodegradable plastic bags and sacks: 400%; (b) drinking straws: 400%; (c) single use/disposable plastic items (eg, plates, cutlery): 200%; (d) used passenger vehicles (cars, jeeps, vans): 200%; (e) other passenger transport vehicles (ex - cluding cars, jeeps, vans, motorcycles, auto-cycles): 150%; (f) chemicals with hydrochlorofluorocarbons: 100%; (g) new passenger vehicles (cars, jeeps, vans): 100%; (h) auto-cycles and motorcycles: 100%; and (i) pork and pork products: 50%.
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