On 21 February 2024, the Finance Department advised as part of its ‘Additional Tax Policy and Administrative Adjustments’ in the National Budget 2024 that it’s proposed that the Customs and Excise Act, 1964 will be amended to simplify the process of substituting a Bill of Entry (BoE) in certain circumstances.
Where such BoE has been passed in error or where an importer, exporter or manufacturer requested the substitution on good cause shown. A Voucher of Correction (VOC) will no longer be required in those circumstances and it is foreseen that the substituting BoE will replace the previous one.