Burma: Ministry of Finance Notification Updates Burma Import Export Procedures

The Ministry of Finance and Revenue issued Notification No. 115/2026 on July 6, 2026, replacing previous import-export procedures with a consolidated framework for licensing, documentation, and penalty enforcement. The notification establishes a clearer penalty system based on the assessed value (AV) of goods and allows authorities to confiscate goods for serious violations. The regulation strengthens enforcement against advance shipments without import licenses, expired licenses, inaccurate declarations, and inconsistencies between licensed and imported goods. Importers must provide complete and accurate information on product details, including quantity, value, brand, country of origin, and specifications. These changes increase compliance requirements and management responsibilities for importers.