At the checkpoints served by the Automated System for Customs Data (ASYCUDA) more than 90% of import and export goods are cleared from customs within 24 hours after the presentation of customs declaration (Sihanoukville Port, 3 dry ports around Phnom Penh, Phnom Penh International Airport, Bavet dry port).
The goods checked in accordance with the declaration are stored in a temporary warehouse awaiting import for 45 days, after which a daily penalty of 1% of the value is charged.
Goods stored beyond 3 months are transferred to the Customs warehouse (up to 2 years).
Importer lodges three copies of the declaration with supporting documents such as commercial invoice, packing list, bill of landing, import license (if required), report of finding (ROF) if an import FOB value greater than 400 000 US dollars, and other documents if any.
Importer pays duties, as well as storage fees in cash or bank guarantee either at the accounts section, or treasury in Phnom Penh, which issues a receipt.
There are three types of import duties in Cambodia:
♦ customs import duties with an ad-valorem rate;
♦ a special tax for certain goods;
♦ a value added tax (VAT).
All imports are subjected to a 10 percent flat VAT, but certain imports receive special preferences, such as under the ASEAN Free Trade Area (AFTA).
The following items are exempted from import duties (other than the VAT):
♦ agricultural equipment and inputs;
♦ school materials and equipment;
♦ pharmaceutical products (with HS code 30);
♦ sporting goods.