Importation of petroleum products

 

1.Accreditation as an importer of petroleum products

The business of importing petroleum products is subject to prior authorization by the Minister in charge of Trade.
The application for approval as an importer of petroleum products is submitted to the Ministry in charge of trade, together with the original versions of the following documents:

- Trade Registry Certificate stating the type of business;
- Importer identification code;
- Tax Identification Number (TIN);
- Statutes of the company;
- A clearance certificate issued by Burundi Revenue Authority;
 -An authentic certificate issued by a commercial bank proving a deposit of a minimum capital of one billion BIF, intended exclusively for the importation of petroleum products;
 -A statement of commitment, duly signed by the applicant to abide without reservation with all the provisions of decree N° 100/110 of 25 June 2008 regulating the import and trading of petroleum products.

2.The import of petroleum products

Importation of petroleum products is subject to a security guarding contract with the warehouseman. A copy must be sent by the importer to the Minister in charge of trade.

At the end of every month, any importer of petroleum products must file a statement of products in orders, en route and petroleum products in warehouses to the Ministry for trade.

Every month, any importer of petroleum products must submit to the Minister in charge of trade a copy of the declarations of intent, pro-forma, import licenses and bills of lading.
  
At the end of each month, any importer of petroleum products must transmit his tax situation to the Minister in charge of trade for purposes of publication in an official journal.