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| The waiver of Import Duty and Excise Tax to taxi operators on the purchase of replacement vehicles is granted in accordance with Item 43, under Part2B of the Customs Tariff. |
| The vehicle for which concession is being sought must be at least five (5) years old and must be continuously registered to the applicant for at least five (5) years. |
| Application letters must be accompanied by the following: |
| - The copy of a National Insurance clearance certificate; |
| - The copy of an Inland Revenue clearance certificate; |
| - Certification from the Chief licensing Officer regarding the length of time the vehicle was continuously registered to the applicant; |
| - A letter from an Insurance Company confirming the willingness to insure the replacement vehicle comprehensively; |
| - Details relative to the replacement vehicle including: |
| Make/Model CIF Value Engine Number Chassis Number Vessel Arrival Date of Vessel |
| The decision of the Minister of Finance is formally communicated to the applicant, the vehicle dealer and the relevant Government Departments. |
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CONDITIONS
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| - Taxi operators are required to hold vehicles for at least five (5) years following the grant of concession. |
| - Where the vehicle is intended for sale or is otherwise disposed of ( e,g written off) before the expiration of five (5) years, the unexpired portion of the duties and taxes shall become payable to the Comptroller of Customs unless waived by the Minister responsible for Finance. |
| - The taxi operator shall be required to submit an application letter to the Ministry of Finance requesting a calculation of the duties and taxes and a copy of the receipt must be presented to the Ministry of Finance as a matter of urgency. |
