$200 million bills of entry unaccounted for, says RBZ

Reserve Bank of Zimbabwe (RBZ) says $5,6 billion in outstanding bills of entry has been acquitted by importers, but $200 million was still unaccounted for since the granting of the amnesty last year.

An importer's bill of entry is a declaration of the exact nature, quantity and value of goods that have landed.

In September last year, RBZ gave absolute amnesty on all import bills of entry not acquitted prior to December 31 2013.

It gave importers a 90-day amnesty to acquit their bills of entry after it emerged that close to $5,8 billion was yet to be acquitted covering the period 2009 to end of December 2013.

RBZ said it was trading amnesty for compliance, adding that it would adopt a zero tolerance on export and import documentation requirements.