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The strict implementation of Bureau of Customs rules and regulations can enhance revenue collection and reduce smuggling, promoting fair trade practices. However, it may also lead to increased bureaucratic hurdles for legitimate businesses, potentially slowing down trade and causing delays in the supply chain. Additionally, stringent enforcement can create a perception of a hostile business environment, which might discourage foreign investment. Balancing compliance with facilitation is crucial to foster a healthy economic climate.

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6mo ago

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