Dubai Customs launched it for traders and investors
The initiative to reduce fines for customs cases 80% ends on December 31
Ahmed Mahboub Mosbeh: "The economic stimulus packages showed keenness to support traders and investors, and enable them to face challenges."
The Dubai Customs Department confirmed that it will continue to present its stimulus initiative that it launched to traders and investors dealing with the department, as part of the economic stimulus packages in the Emirate of Dubai.
And she explained in a statement yesterday, that the initiative allows customers to obtain a reduction in the value of fines for customs cases by 80%, upon their commitment to pay the remaining 20% of the value of the fine, in addition to the customs fees due, warning that the period of benefiting from the initiative will end on the date 31-12-2021, as well as the possibility of benefiting from the request for installments of fines resulting from customs cases.
Included fines
According to Dubai Customs, the initiative includes: customs fines achieved pursuant to a judicial decision, and customs fines that were previously paid by installments, as customs fines are reduced for the remaining installments and rescheduled installments, and customs cases are under implementation at Dubai Courts by reducing the prescribed fines with the remaining amounts.
Dubai Customs pointed out that those wishing to benefit from the initiative should settle their customs cases, and pay the amounts due, including customs duties resulting from the customs case, if they become due before 12/31/2021.
Investor support
The CEO of the Ports, Customs and Free Zone Corporation and the Director General of Dubai Customs, Ahmed Mahboob Musabih, stressed that the economic stimulus packages launched by the leadership showed the extent of keenness to support traders and investors, and enable them to face emerging challenges resulting from crises, such as the “Covid 19” pandemic crisis, to cross This crisis has been successfully completed by reducing the cost of their operations, and thus maintaining the return on their business and investment.
He added: "From this standpoint, (Dubai Customs) presented its initiative to motivate customers, by enabling them to obtain a reduction in the value of fines for customs cases by 80%, while also benefiting from the installments of fines incurred by them."
He continued: "(Dubai Customs) is working to help customers and encourage them to continue their commercial operations, in support of the process of economic development in the UAE, as we are witnessing after the celebration of the fiftieth anniversary of the union, a new start for the national economy, to be established by the (fifty projects) launched by the leadership, which We are keen in the department to devote all our efforts, to keep pace with these projects, by launching initiatives to stimulate and continuous development of the foreign trade sector in Dubai, in order to achieve the goal of the five-year plan for Dubai, bringing the value of the emirate’s foreign trade within five years to two trillion dirhams.”
Motivations during the COVID-19 pandemic
The commercial sector received many incentives during the “Covid-19” pandemic crisis. In addition to reducing fines for customs issues, many facilities were provided to customers, most notably the refund of 20% of the customs tariff paid for imported goods that are sold in the country’s local market, and the abolition of all Bank and cash guarantees required to practice the customs clearance activity, which is set at an amount of 50 thousand dirhams, in addition to canceling the requirement of the bank deed when submitting customs grievance requests.
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