892 cus­toms ex­emp­tions granted to GCC coun­tries in Q2 of 2017

Muscat Daily - - NATION -

Mus­cat – The Min­istry of Com­merce and In­dus­try (MoCI) has said that through the ‘Bayan’ sys­tem for GCC coun­tries (model ‘B’), 892 li­cences were fa­cil­i­tated with cus­toms duty ex­emp­tion by the Direc­torate Gen­eral for In­dus­try in Q2 of 2017.

The num­ber of cus­toms ex­emp­tion re­quests for im­port of equip­ment, spare parts, and raw ma­te­ri­als has reached 53, stated a press re­lease.

Eng Muham­mad bin Saeed al Mahrouqi, direc­tor gen­eral at the Depart­ment of Ex­emp­tion in the Direc­torate Gen­eral for In­dus­try in MoCI said, “By pro­vid­ing ser­vices elec­tron­i­cally, the min­istry seeks to fa­cil­i­tate easier move­ment of goods for both im­ports and ex­ports. Ad­di­tion­ally, it in­tends to re­duce the cost of the ex­port-im­port process, pro­mote the part­ner­ship be­tween cus­toms and var­i­ous seg­ments of the trad­ing and com­mer­cial stake­hold­ers, and en­cour­age lo­cal as well as for­eign in­vest­ment.”

He added, “More­over, this move is to pro­vide ser­vices elec­tron­i­cally to pro­mote the po­si­tion of the sul­tanate glob­ally, in the field of bor­der trade, ac­cord­ing to in­ter­na­tional mea­sures and in­di­ca­tors. It also aims to in­te­grate the pro­ce­dures, en­sure jus­tice and equal­ity when it comes to trans­ac­tions, save ef­fort, time and money, in­crease the cus­toms in­come and stop smug­gling, tax-avoiders and com­mer­cial fraud.

“Elec­tronic ser­vices will also pro­vide sta­tis­tics about the in­ter­na­tional trade that fa­cil­i­tates in for­mu­lat­ing the devel­op­ment and eco­nomic plans, not to men­tion calculating the com­mer­cial scale and fea­si­bil­ity stud­ies.”

Mahrouqi as­sured that get­ting the com­mer­cial li­cence is­sued by MoCI is con­sid­ered to be a main con­di­tion to avail of the cus­toms ex­emp­tion. This is done ac­cord­ing to the uni­fied in­dus­trial or­gan­i­sa­tion of the GCC coun­tries is­sued by Royal De­cree 61/2008, its ex­ec­u­tive reg­u­la­tion, and the two min­is­te­rial de­ci­sions No 56 and 66/2009 is­sued by the Min­istry of Fi­nance.

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