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Utilising Concessions
Saturday, July 07, 2007
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Category: Business Management
Eligible items are classified as single or multi-use, depending on whether the item can be used for purposes other than agriculture. For example, vegetable seeds are classified as single use, but fencing wire is classified as multi-use. Standing Rules and Order (SRO) Number 37 lists each item and its classification that make up part of the ordinance dealing with external tariffs.

Most agricultural items on sale such as seeds, fertilizers, pesticides are duty free, as the concessions are granted to the importing firm.

To qualify for a concession a person must be a bona fide farmer or be able to demonstrate his or her intention of becoming a bona fide farmer. Application forms are available from the Ministry of Agriculture and District Offices. Once the farmer applies, an Extension Officer will visit the farmer to verify the information, as well as assist with the development of a farm plan.

The Ministry’s Extension Division grants concessions for items valued at less than $10,000, while the Ministry’s Concession Committee is the authorizing body for items valued at $10,000 or more, such as vehicles.

A farmer must generate a minimum annual gross income of $20,000 from farm activities to qualify for vehicle concessions, while the vehicle must be less than 10 years old and be suitable for agricultural activities. Moreover, the vehicle cannot be used for other commercial purposes; as the Comptroller of Customs reserves the right to revoke such concessions.

In cases where the request for concessions is outside the mandate of the Ministry of Agriculture, such as building a farm house or developing a farm road; the request can be channeled through the Grenada Industrial Development Corporation, which has a broader mandate than the Ministry for granting concession, or through Cabinet.


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By me @ Monday, May 05, 2008 7:05 PM
hope this is for real

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