It is aimed at helping small and medium enterprises enhance their competitivenessThe General Administration of Customs in Abu Dhabi has unveiled a new package of incentives to support importers. Abu Dhabi Customs will allow bank guarantees to be replaced by institutional guarantees for accredited partners. It will also facilitate the seamless transportation of goods between free zones and customs warehouses, with electronic monitoring of goods as they are transported between different locations. Ownership of deposited goods, or part of them, will be allowed to transfer from one company to another within the free zone, and among customs warehouses within the GCC. Goods will be allowed to remain in customs warehouses for a year, while the depositing period shall not exceed three calendar years. Customs fees will only be due post that period. Abu Dhabi Customs has also introduced automated online procedures to release customs declarations in Abu Dhabi ports. In addition, smart customs services will enable dealers to submit their customs declarations via several platforms including Tamm, Maqta Gateway, Dhabi system and Abu Dhabi Digital Authority. It will also accept copies of invoices and certificate of origin without requiring the applicants to furnish original documents or having to pay the Dhs1,000 insurance for every document, reported news agency WAM. In May, Abu Dhabi Customs launched an economic stimulus package to support importers. Among the seven incentives rolled out at the time, importers were allowed to postpone the payment of custom duties and obtain pre-clearance services prior to the arrival of shipments. Sources: Gulf Business, Pixabay
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