Dubai customs notice on implementation of Economic Stimulus Package

SalmaSalma    25 March 2020
Dubai customs notice on  implementation of Economic Stimulus Package

Following the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in respect of the new economic stimulus package which includes initiatives aimed at reducing the cost of doing business and boost trade sector in Dubai, the following measures have been implemented as of March 15,2020 :

  • Dubai Customs will Refund 1% of the customs duty on imported goods which are otherwise subject to customs duty @ of 5% which have been processed under import declaration from 15 March 2020 to 30 June 2020 ;
  • Traditional wooden commercial vehicles registered in the UAE will be exempted from berthing service fees on arrival and departure as well as direct and indirect loading fees at Dubai Creek and Hamriyah port from 15 March 2020 to 30 June 2020 ;
  • AED 50,000 bank or cash guarantee required to undertake customs broker activity will be revoked. Guarantees (bank/cash) deposited by existing customs brokers and clearing companies will be refunded. 

Read the customs notice here : Customs Notice No. 1(2020) on Implementation of Economic Stimulus Package by Government of Dubai



like  1 Like
views 71


More From News




close x