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December 2020 Exchange Rates
Currency
Dec 3 - Dec 9
Dec 10 - Dec 16
Dec 17 - Dec 23
Dec 24 - Dec 30
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December 2021 Exchange Rates
Currency
Dec 02 - Dec 08
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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.
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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.
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Introduction
Importers may apply to Customs to defer duty payment on goods for business purposes.
Import duty is normally payable when goods are—
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Travellers must declare cash of $10,000 or more (or the equivalent in another currency) that they are taking between Bermuda and any other country.
Cash includes:
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The General Post Office (HM)
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Bermuda Customs puts into practice a recommendation of the World Customs Organization (WCO) aimed at speeding up the forwarding of relief consignments in the event of disasters.
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Eligible persons may apply to import or ex-bond certain goods at a reduced or zero rate of duty using end-use relief.
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December 2018 Exchange Rates
Currency
December 6th - 12th
December 13th - 19th
December 20th - 27th
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December 2017 Exchange Rates
Currency
Dec. 7th - 13th
Dec. 14th - 20th
Dec. 21st - 27th
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The Foreign Exchange Rates shown below illustrates the amount of Bermuda Dollars required for buying one unit of foreign currency.
December 2016 Exchange Rates
Currency
December 1 - 7
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The Foreign Exchange Rates shown below illustrates the amount of Bermuda Dollars required for buying one unit of foreign currency.
December 2015 Exchange Rates
Currency
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The CAPS system automates the receiving and processing of customs declarations. This includes all imports, exports, and bonded goods processes.
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The Customs Tariff Act 1970 is published by the Attorney-General.
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Bermuda is a small island with big biodiversity. The Department of the Environment and Natural Resources looks after all of the island’s plant life—sometimes even yours. See how the Plant Protection Laboratory can diagnose your sick or diseased plants.
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All importers must use the following exchange rates for the conversion of foreign currency into terms of Bermuda dollars when determining the customs value of goods imported during the period indicated.
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There are certain goods you are not allowed to bring into Bermuda at all (prohibited goods). Other goods can only be imported legally with the necessary licence or permit (restricted goods).
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The Principal Customs Officer (PCO) on duty at the L.F. Wade International Airport will normally impose on-the-spot monetary penalties on anyone who attempts to evade paying import duty.
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You can pay customs duty, fees and other charges in person, by post, or electronically.
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All animals arriving in Bermuda must be accompanied by the following:
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Returning residents and non-residents may be entitled to duty relief on their used personal and household goods under special circumstances.
If you are a returning resident, you will need proof that you have been living overseas for more than one year.
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There are five kinds of duty free allowances:
1. Passenger duty free allowances
If you a passenger arriving in Bermuda by air or sea, you are entitled to duty free allowances on your accompanied personal goods.
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You must make a customs declaration when you import goods into Bermuda. There are different forms, times and manners of making customs declarations.
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After passing through Immigration (passport screening), you should proceed to the baggage retrieval area.
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What is classifying?
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The Bermuda Customs Declaration (BCD) is the principal form of entry for imports and exports of goods to and from Bermuda.
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You must be the first owner and have owned the vehicle for not more than six months prior to the date of the shipment to Bermuda. Vehicles which have had more than one owner cannot be imported into Bermuda. This includes demonstration models (demos), which are considered used.