As an extension of the stimulus package announced earlier, Dubai Customs has set a 20 percent refund on fees charged on imported products sold locally in Dubai markets from June 30.
The package also involves the cancellation of the AED 50,000 bank guarantee or cash demanded to engage in customs clearance activity. Bank guarantees or cash paid by existing customs clearance companies will be reimbursed.
“We have completed and fulfilled the stimulus package requirements following the wise directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. All divisions including customs development division, finance, HR division and client division all worked together to implement the stimulus package items in record time to mitigate the impact of Covid-19 and support businesses during this difficult time.”
The package comprises an exemption to traditional wooden commercial vessels registered in the country from mooring service fees for arrival and departure, and direct and indirect loading fees at Dubai and Hamriyah Ports.
It also includes removal of bank guarantees required to be presented before resolution of customs-related grievances and cancellation of 25 percent down payment needed for requesting installment-based payment of government fees for receiving and renewing licenses.