New bill to boost sector

[NewsWhore]

Industrialists are trying to push for legislation aimed at providing the sector with a big competitiveness boost. Called Industrial Innovation and Competition, the initiative would appoint the Customs Office as the sole arbiter for expediting raw materials, machinery and capital goods coming into the Dominican Republic for use by certain specific companies. These companies would have to be classified in advance by the Center for Industrial Development and Competition (Proindustria). According to Listin Diario, the Customs Department (DGA) would be the only one to receive, control, verify and dispatch merchandise for participating companies. Only when flagrant misconduct, legitimate suspicions or issues of national security are involved, could the DGA call in any other state security units to look at merchandise either destined for or coming from the Dominican Republic. The legislation also lays out tax payment deadlines, and provides for equal treatment for raw materials or supplies coming from within the Dominican Republic if they are available under the same special conditions from overseas.

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