Import duty waived for SI

The Cabinet has approved a decision to waive import duty on furniture and appliances to help residents of Cayman Brac and Little Cayman refurbish their homes damaged in Hurricane Paloma.

Similar to concessions made following Hurricane Ivan in 2004, waivers of the 20 per cent duty on household items will be place for at least six months.

Leader of Government Business Kurt Tibbetts announced that the waiver was effective from 1 December and would remain in place until 31 May, when the situation would be reviewed.

‘These concessions are available to individuals as well as businesses. For those businesses receiving concessions, we want to say we will be looking very carefully at the sale price of items because we want to ensure the concessions passed onto businesses are passed onto the customers,’ he said.

The waiver applies to furniture and appliances, including stoves, refrigerators, washers, dryers, dishwashers, microwaves and toasters.