Source: Hong Kong Government special administrative region
Hong Kong Customs holds information session on Duty Stamp System to listen to industry opinions and deepen collaboration
During the session, Customs provided a detailed overview of the conclusion of the Pilot Run of the Duty Stamp System early this year, as well as an explanation of the overall framework and operational details of the system, covering the entire supply chain from the manufacturing premises to their sale at retail outlets. Customs will carefully study various suggestions put forward by industry representatives during the information session to continuously optimise the design and implementation details of the system.
Following this information session, Customs also met with representatives of the newspaper stalls industry to specifically introduce the Duty Stamp System. Customs emphasised that the existing sales model will not change due to the Duty Stamp System, and Customs has always encouraged the industry to purchase cigarettes from trustworthy suppliers. In response to the industry’s concern regarding stamp authentication arrangements, Customs is conducting an in-depth assessment with technical consultants, researching options including distribution of dedicated authentication devices and enhancing auxiliary duty stamp recognition solutions to meet the practical needs of various retail environments. In addition to this meeting, Customs has previously held meetings with industry representatives through various channels, including the Dutiable Commodities Customer Liaison Group, tobacco affairs concern groups, and an association of the newspaper stalls industry. In the future, Customs will continue to actively communicate with the industry regarding the advancement of the Duty Stamp System and encourage industry participation to jointly promote the system and combat “cheap whites”.
Customs reiterated that the successful implementation of the Duty Stamp System relies on the participation and support of all stakeholders. Customs will continue to maintain close communication with all stakeholders and timely release the latest information to the tobacco retail industry through various channels, striving to build a collaborative platform with the industry. Hong Kong Customs will continue to organise more similar exchange activities and ongoing promotional efforts to foster a shared understanding before the system’s implementation, ensuring its effective rollout.
Customs plans to implement the first phase of the Duty Stamp System in the fourth quarter this year, with full implementation in the second quarter of 2027, thus achieving the ultimate goal of effective distinguishment of duty-paid cigarettes from duty-not-paid ones, and to combat “cheap whites”.
Issued at HKT 18:45
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Hong Kong Customs detects smuggling case involving river trade vessel with goods worth about $56 million seized
Source: Hong Kong Government special administrative region
Hong Kong Customs detects smuggling case involving river trade vessel with goods worth about $56 million seized (with photo)
Through intelligence analysis and risk assessment, the river trade vessel departing from Hong Kong for Macao was selected for inspection on the abovementioned date. Upon examination, Customs officers aboard the vessel found a large batch of suspected smuggled goods, including suspected pharmaceutical products, cosmetic injections, tobacco products, e-cigarette cartridges, watches, mobile phones, tablets and clothing.
Investigations are ongoing. The likelihood of arrests is not ruled out.
Being a government department primarily responsible for tackling smuggling activities, Customs has long been combating various smuggling activities on all fronts. Customs will keep up its enforcement action and continue to resolutely combat sea smuggling activities through proactive risk management and intelligence-based enforcement strategies, and carry out targeted anti-smuggling operations at suitable times to crack down on relevant crimes.
Smuggling is a serious offence. Under the Import and Export Ordinance, any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years upon conviction.
Members of the public may report any suspected smuggling activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hkIssued at HKT 13:00
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Government posts land resumption notices for widening of Yuen Long Highway (section between Lam Tei and Tong Yan San Tsuen)
Source: Hong Kong Government special administrative region
Government posts land resumption notices for widening of Yuen Long Highway (section between Lam Tei and Tong Yan San Tsuen)
Twenty-one private lots with a total area of about 5 600 square metres will be resumed by the Government. The said land will revert to the Government upon the expiry of a period of three months from the date of affixing the notices (i.e. April 30).
The Government will maintain close liaison with the relevant land owners and affected parties and properly handle their compensation and rehousing matters.
The aforementioned road works aim to increase the carrying capacity of a section of Yuen Long Highway between Lam Tei Quarry and Tong Yan San Tsuen Interchange to cater for the traffic need arising from the future developments in the Northwest New Territories.
Issued at HKT 16:45
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Tender of one-year HONIA-indexed Floating Rate Notes to be held on February 4
Source: Hong Kong Government special administrative region
Tender of one-year HONIA-indexed Floating Rate Notes to be held on February 4
A total of HK$1.5 billion 1-year HKD Notes will be tendered. The Notes will mature on February 5, 2027 and will carry interest indexed to the Hong Kong Dollar Overnight Index Average (HONIA), payable quarterly in arrear.
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Notes on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk
Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK
HKSAR Institutional Government Bonds Tender Information
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