New and Existing factories are exempted from customs duties on their imports of machinery, equipment, parts, raw materials, Semi-manufactured materials and packing materials required for immediate industrial production process.
Amended controls for exemption of industry inputs from customs taxes "Duties" in GCC member states
Procedure:
- New/existing factories should apply 4 months prior importing the required machinery, equipment, raw materials, Semi-manufactured raw materials, spare parts and packaging materials.
- During the assessment of the application, a letter is issued upon the request of the applicant by the Ministry of Industry, Commerce and Tourism, addressed to the Customs Affairs to clear their shipments under insurance/deposit basis.
- The Industrial Development Directorate assess the applications and visits the factories to ensure the accuracy of information provided by the applicants before being reviewed by the National Industry Protection and Support Committee.
- All applications will be reviewed by the re-structured National Industry Protection and Support Committee pursuant to Edict 4/2020 issued by the Prime Minister .
- The National Industry Protection and Support Committee issues and submits its recommendations to his Excellency the Minister of Industry and Commerce and Tourism.
- His Excellency the Minister of Industry and Commerce and Tourism shows the recommendations of National Industry Protection and Support Committee to the Ministerial committee for Financial and Economic Affairs and Fiscal Balance.
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A decision is issued by the committee for Financial and Economic Affairs and Fiscal Balance to His Excellency the Minister of Interior to direct customs affairs for implementation.
- The Industrial Development Directorate will forward the exemption decision and its duration to the applicants.
