Section 26, The Finance Act, 2016

Section 26 of the Customs Act, 2011 is amended by therepeal and replacement of subsection (4) with the following new “(4) All payments of duties, taxes and other levies exceeding Le 500, 000 by importers, exporters customs clearing agents and other persons shall be made elcetronically, by bank cheques or by debit or credit cards at the Offices provided that: (a) upon written application by a taxpayer, the Commissioner General may enter into a timeto-pay agreement specifying instalment payment in respectof any duties, taxes and levies; (b) the Commissioner General may, on giving not less than seven days notice, undertake distress measures including sealing of business premises for failing to honour an instalment payment entered in the time-topay.