The experience of Dubai Customs will then be used as a benchmark in order to

The experience of dubai customs will then be used as

This preview shows page 33 - 34 out of 103 pages.

with the FCA. The experience of Dubai Customs will then be used as a benchmark in order to implement the programme on the federal level by the other customs administrations. 1.107. The Common Customs Law of the GCC States applies specific provisions to imports of goods in transit, destined for warehouses, into free zones, and for re-export: goods in transit are not liable for import duties subject to providing a bank guarantee or refundable deposit equal to the customs duties plus charges. Transit is prohibited for goods subject to import prohibition or restriction, and goods infringing intellectual property rights; a warehouse for imported goods may be established by the customs authorities and may be located outside the customs area. Goods imported and stored in a customs warehouse are not liable for payment of import duties unless released onto the domestic market. A bank guarantee or refundable deposit equal to the customs duties is required. Goods may be stored in a customs warehouse for up to 365 days after which the customs duties should be paid; goods imported into free zones and duty-free shops are not deemed to have entered the customs territory and are not liable for customs duties. However, goods imported into the customs territory from a free zone or duty-free shop are treated as foreign goods regardless of any local raw material they may contain; a customs department may permit temporary admission of goods for up to six months (or up to three years for capital goods) including: heavy machinery and equipment for completion of projects or conducting experiments or tests related to such projects; goods for completion of processing; temporary imports for playgrounds, theatres, exhibitions, etc.; machinery and equipment imported for repair; containers and packing importing for refiling; animals admitted for grazing; and commercial samples for exhibitions. 1.108. Imports of specific goods require prior approval from the appropriate government agency before they may be imported. These goods include: all alcoholic beverages; pork and pork products; tobacco and tobacco products; recordings; telecommunications equipment; foodstuffs; feedstuffs; animals and their products; fireworks; and arms, ammunition, and explosives. 3.1.2 Customs valuation 1.109. The UAE notified the WTO that it had "confirmed all legal, organizational and administrative obligations relating to implementation of Article VII of GATT 1994 and completely accomplished" its implementation. 54 Under the Common Customs Law of the GCC States, the customs value of imported goods is, in order of priority: the transaction value; the transaction value of identical goods; the transaction value of similar goods; the deductive value; the computed value; and the flexible method. The UAE invoked Annex III, paragraph 3 of the Agreement on Customs Valuation and an importer may request the application of the computed value method before the deductive value method. 55 1.110. In cases where the customs authority finds the value of goods is greater than the declared
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  • Fall '08
  • Finklerberg

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