Abu Dhabi – Mubasher: The Industrial Development Bureau of Abu Dhabi Department of Economic Development (ADDED) on Wednesday announced that it will implement immediate exemption of industrial imported inputs from customs duties in collaboration with the General Administration of Customs.
The decision will be implemented on raw material, machinery, equipment, and spare parts as part of incentives provided by ADDED to the industry sector in the Emirate of Abu Dhabi, according to ADDED’s statement.
The step comes in response to the deal inked between the Industrial Development Bureau of ADDED and the General Administration of Customs in Abu Dhabi on the sidelines of Abu Dhabi Business Forum.
“The approval of the request for immediate customs exemption is based the findings of an integrated technical study implemented regarding annual requirements of the industry inputs for the beneficiaries, rather than reviewing each exemption request separately,” Ali Alhumami, director of industrial organization department at the Industrial Development Bureau, said.
It relies upon the yearly balance system of beneficiaries from direct E-connection between the systems used by the General Administration of Customs in Abu Dhabi and the Industrial Development Bureau.
“The activation of the new immediate customs exemption system in (Dhabi) system will reduce the time taken for customs clearance, thus realizing the Abu Dhabi Customs message and methodology towards updating procedures and digital transformation of operations,” the statement added.
