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LONDON, June 12-- Britain on Friday formally ruled out the possibility of an extended post-Brexit transition period, leaving business in uncertainty again. Michael Gove, the British cabinet office minister, said Friday in a tweet that he formally confirmed the decision. "I formally confirmed the UK will not extend the transition period & the moment for extension has now passed. On 1 January 2021 we will take back control and regain our political & economic independence," he said. Meanwhile, the British government confirmed a new three-stage plan for border controls and procedures in 2021, pledging to take "flexible and pragmatic" approach to give industry extra time to make necessary arrangements. Britain will introduce new border controls in three stages up until July 1, 2021. From January 2021, traders importing standard goods, covering everything from clothes to electronics, will need to prepare for basic customs requirements and will have up to six months to complete customs declarations and tariff payment. From April 2021, all products of animal origin, for example meat, pet food, honey, milk or egg products, and all regulated plants and plant products will also require pre-notification and the relevant health documentation. From July 2021, traders moving all goods will have to make declarations at the point of importation and pay relevant tariffs. On Thursday, Gove told MPs that the British government is not gambling with the European Union (EU) over Brexit despite the stalled trade talks between the two sides, insisting that Britain will not extend transition period beyond Dec. 31. | 
