Under CEMAC foreign exchange regulations, importers are required to have their ID debited at a local bank. Article 6 of the Customs Code states that “ Unless otherwise stipulated in this Instruction, all imports of goods and services whose FOB value, determined in accordance with the provisions of the Regulation on the CEMAC Customs Code, is at least equal to 5 million CFA francs, shall be paid by the importer by mandating an approved intermediary in the country of final destination to carry out, on his behalf, all banking operations and transactions relating thereto, from its inception to its discharge”. Instruction No. 007/GR/2019 of 10/06/2019 sets out the terms and conditions for declaring, accounting for and settling imports of goods and services.
Documents required to obtain a domiciliation certificate
The domiciliation file includes the following items:
i). The proforma invoice;
ii). The contract, if applicable;
iii). Import declaration for goods or services (model available from BEAC);
iv). Tax Identification Number or any other document in-lieu thereof;
v). Authorisation for restricted products, where applicable.
To this end, for the purposes of clearing the domiciliation file for imports of goods or services, the following documents are provided to the domiciliation credit institution as and when they become available:
i). The detailed declaration issued by the customs authorities or in lieu thereof;
ii). The receipt for payment of import duties and taxes due;
iii). Bill of lading, airway bill or consignment note;
iv). The final invoice, expenses bill, fee note or any other supporting document;
v). Where applicable, any document justifying the actual import of the service, in particular the acceptance report, the study report.
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