COMAC gives Finance Ministry 14 days to suspend implementation of Section 136 of Customs Act
In a statement, COMAC, pointed out that “we have no interest in disruption, given the essential service its members provide to households and businesses”.
The Chamber of Oil Marketing Companies (COMAC) has demanded that the Finance Ministry suspend the implementation of Section 136 of the revised Customs Act within a 14-day timeframe. COMAC argues that the new section transfers risk to operators and consumers, rather than providing reform. The organization states that existing controls should be enforced with transparency and full accounting of products before any changes are made.
COMAC is requesting an immediate suspension of Section 136, as well as the retention of the existing framework where Bulk Import Dealers Companies (BIDECs) pay import duties and taxes at importation, while Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) continue accounting for taxes and levies ex-pump.
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