(CMR) Beginning today, Monday, 6 November, the Cayman Islands Customs & Border Control Service (CBC) will launch its Online System, known as COLS, allowing importers and traders to pay online for single declarations with a maximum payment of two thousand five hundred dollars (CI $2,500).
For the past few years, the CBC has embarked on streamlining its processes using technology to better serve its stakeholders while maximizing customer experience.
Deputy Director of Imports Kevin Walton said, “We are currently in the final testing stages of this new product and are confident that this offering is aligned with CBC’s strategic objective of streamlining and improving our business processes. The ability to pay duty online will offer our customers greater efficiency and more convenience in using our services.”
Head of Finance Camile Beckford-Johnson said, “While the maximum dollar amount for a single payment is limited to $2,500, the department continues to offer other payment methods for larger traders that are registered with us and have signed up for our bond facility. We will continue to facilitate trade and improve our offerings to the public; however, we are mindful of the significant bank charges associated with online payments as CBC is poised to collect over $300 million dollars in revenue this fiscal year”.
On 6 November, for some importers, the access to pay online will appear on your COLS account and a button called Make a Payment will appear on the View Declarations and View Historical Declarations screen. When this option becomes available, you can select a declaration that is in Awaiting Payment status and make a payment for that specific declaration. A payment receipt will be emailed to the email address provided when registered to have a COLS account. A release notice will then be available for viewing and printing. It is important to know that the release notice does not exempt the goods selected for a random inspection.
Single declarations online payment is the first phase of this facility and will advance to multiple declarations payment in the next phase of CBC’s technology advancements. As CBC transitions to its new banking service, the limit will also be revisited to better serve stakeholders.
For further details, please refer to the information posted on the COLS portal at https://online.gov.ky/cols/faces/home and on the CBC website www.cbc.gov.ky. CBC’s Call Center will be available during working hours Monday to Friday 8:30 AM-5:00 PM to assist traders and importers with any issues they may be experiencing. Additionally, an email for assistance can be sent to CBC Online Support at [email protected].