Dubai Customs –Economic Stimulus Package – 20% Duty Refund in response to Coronavirus
May 04, 2020
To reduce the cost of commercial activities and boost the trading sector in Dubai, Dubai Customs Department has announced an economic stimulus package. 20% Customs Duty Refund will be effective from 15/03/2020 till 30/06/2020.
Mechanism of RefundRefund of Custom Duty will be automatically processed on 30th day from the declaration date Eligible Activity
Below mentioned declarations will be eligible for refund:
- Import to Local from Rest Of World (ROW)
- Import to Local from Free Zone
- Import to Local from Customs Warehouse
5% Customs Duty Rate items only be eligible for Duty Refund.
Only those Declarations which will be processed during the period 15/03/2020 to 30/06/2020 will qualify for the refund.
At the time of Makasa issuance, if 20% of duty has already been refunded for the reference declaration, then the full refunded amount should be collected prior to issuance of the Makasa, irrespective of whether full or partial quantities are exported to GCC Countries.
- If Makasa is already issued for same Declaration
- If any Duty drawback is claimed for same Declaration
- If eligible refund amount is less than AED 100
- If Makasa is cancelled
Declarations with GCC destination:
CDR or Debit Card
E-Payment or Cash
In CDR or Debit Card
In Bank account registered with Customs
For those customer who did not register bank account with customs, kindly register using www.dubaitrade.ae for getting refunds on time.
*This article is contributed by CA Priyanka Garg- Manager Taxation
Vipin Kumar Ahuja
Designation: Associate DirectorAbout Author:
Associate Director – Taxation (VAT, Excise & Customs)
Chartered Accountant, DISA, Dip. in IFRS.
Having over 12 years of experience in advising clients on Direct & Indirect tax and regulatory issues across India, UAE, KSA and Bahrain.
Areas of Specialization:
– Value Added Tax (VAT)
– Excise Tax
– Transfer Pricing
– Project Management
– Process Improvement
– Risk Management