The Ministry of Commerce and Industry has declared that in Q2 of 2017 through the “Bayan” system for GCC countries, model “B”, 892 licences were facilitated with customs duty exemption by the Directorate General for Industry. Moreover, the number of customs exemption requests for import of equipment, spare parts, and raw materials has reached 53.
Eng Muhammad bin Saeed al Mahroqui, the Director General at the Department of Exemption in the Directorate General for Industry in the Ministry of Commerce and Industry, said, “By providing its 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, to promote the partnership between customs and various segments of the trading and commercial stakeholders, and to encourage local as well as foreign investment.
“Moreover, this move is to provide services electronically to promote the position of the Sultanate globally, in the field of boarder trade, according to the international measures and indicators, integrate the procedures, justice and equality when it comes to transactions, saving effort, time and money for the commercial society, increasing the customs income, stopping the smuggling,
stopping tax-avoiders and commercial fraud.
Finally, the electronic services will 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.”
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