Articles

Guides, policies, and informational articles from the Government of Bermuda

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Article

2025 Exchange Rates

Customs publishes a new exchange rate every Wednesday, effective the following Thursday through Wednesday. Use the current rate below to convert foreign currency into Bermuda dollars when declaring the customs value of imported goods.

Customs 1 min read
Article

2024 Exchange Rates

Customs publishes a new exchange rate every Wednesday, effective the following Thursday through Wednesday. Use the current rate below to convert foreign currency into Bermuda dollars when declaring the customs value of imported goods.

Customs 1 min read
Article

2023 Exchange Rates

Customs publishes a new exchange rate every Wednesday, effective the following Thursday through Wednesday. Use the current rate below to convert foreign currency into Bermuda dollars when declaring the customs value of imported goods.

Customs 1 min read
Article

2022 Exchange Rates

Customs publishes a new exchange rate every Wednesday, effective the following Thursday through Wednesday. Use the current rate below to convert foreign currency into Bermuda dollars when declaring the customs value of imported goods.

Customs 1 min read
Article

Bermuda Customs Declaration (BCD)

The Bermuda Customs Declaration (BCD) is the principal form of entry for imports and exports of goods to and from Bermuda. The BCD is a single administrative document. That means that the BCD is the appropriate form of entry for use by commercial and non-commercial importers to declare all types of goods no matter what the customs procedure (i.e. import, export, bond, transfer in bond, exemptions, concessions, etc.). All BCDs must be submitted electronically via the Customs Automated Processing.

Customs 2 min read
Article

Bermuda Customs Declaration

The Bermuda Customs Declaration (BCD) is the principal form of entry for imports and exports of goods to and from Bermuda. The BCD is a single administrative document. That means that the BCD is the appropriate form of entry for use by commercial and non-commercial importers to declare all types of goods no matter what the customs procedure (i.e. import, export, bond, transfer in bond, exemptions, concessions, etc.). All BCDs must be submitted electronically via the Customs Automated Processing.

Customs 2 min read
Article

2020 Exchange Rates

December 2020 Exchange Rates Currency Dec 3 - Dec 9 Dec 10 - Dec 16 Dec 17 - Dec 23 Dec 24 - Dec 30 Dec 31 - Jan 6 U.S. Dollar (USD) 1.0000 1.0000 1.0000 1.0000 1.0000 British Pound (GBP) 1.3312 1.3457 1.3534 1.3421 1.3611 Canadian Dollar (CAD) 0.7721 0.7821 0.7842 0.7768 0.7828 Euro (EUR) 1.2051 1.2113 1.2195 1.2192 1.2273 Australian Dollar (AUD) 0.7354 0.7476 0.7570 0.7570 0.7666 Swiss Franc (CHF) 1.1122 1.1254 1.1324 1.1238 1.1303 Danish Kroner (DKK) 0.1619 0.1627 0.1639 0.1639 0.1650 Hong...

Customs 7 min read
Article

2021 Exchange Rates

December 2021 Exchange Rates Currency Dec 02 - Dec 08 Dec 09 - Dec 15 Dec 16 - Dec 22 Dec 23 - Dec 29 Dec 30 - Jan 05 U.S. Dollar (USD) 1.0000 1.0000 1.0000 1.0000 1.0000 British Pound (GBP) 1.3323 1.3214 1.3262 1.3314 1.3439 Canadian Dollar (CAD) 0.7847 0.7925 0.7766 0.7749 0.7797 Euro (EUR) 1.1321 1.1276 1.1270 1.1301 1.1301 Australian Dollar (AUD) 0.7153 0.7136 0.7130 0.7163 0.7226 Swiss Franc (CHF) 1.0865 1.0818 1.0819 1.0835 1.0891 Danish Kroner (DKK) 0.1522 0.1516 0.1516 0.1520 0.1520...

Customs 7 min read
Article

Forms of security

Where an importer applies to Customs for duty relief, duty deferment or duty suspension (bonded warehousing) or has some other specific obligation, Customs may ask for security. Security is intended to safeguard the revenue, encourage payment of outstanding duty, or to promote compliance with any other customs obligation or conditions. Customs will not require security when they are satisfied that outstanding duty will be paid or that any other specific obligation to Customs will be fulfilled...

Customs 2 min read
Article

CPC 5000 - Calculating the surcharge

When goods are discharged from CPC 5000 by diversion to home use, a surcharge will be payable in addition to the import duty due. The surcharge is calculated by multiplying the amount of deemed units for duty (i.e. BCD Field 27c - Value for Tax) by the relevant duty rate. The deemed units for duty amount is 10% per annum of the units for duty. The units for duty amount will either be the customs value of the goods where an ad valorem rate applies or the total units for duty in the case of goods.

Customs 2 min read
Article

Guidance on Customs Duty Deferment

Introduction Importers may apply to Customs to defer duty payment on goods for business purposes. Import duty is normally payable when goods are— imported removed from a bonded warehouse By deferring duty payment, the time of payment is delayed until a later prescribed payment day. There are two kinds of duty deferment— short term (up to sixth months) long term (over six months) At this time duty deferment is not being offered on goods being removed from a bonded warehouse. Short term duty...

Customs 3 min read
Article

Post Office Locations

The General Post Office (HM) City Of Hamilton 56 Church Street Hamilton HM 12 Hours of Operation Monday to Friday, 8:00am - 5:00pm Telephone: 441-297 7893 Fax: 441-292 1928 Devonshire Post Office (DV) Devonshire 2 Orange Valley Road Devonshire DV 06 Hours of Operation Monday to Friday 8:00am - 4:00pm Telephone: 441-236-0281 Fax: 441-232-5824 Flatts Post Office (FL) Smith's 65 Middle Road Smiths FL 04 Hours of Operation Monday to Friday 8:00am - 4:00pm Telephone: 441-292-0741 Fax: 441-292-8445...

Post Office 1 min read

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