The team will supervise and monitor the industrial establishments which have been exempted from customs for their imports, and give reports of its ground visits and study of the guidelines of the exemption, stated a press release.
It would also give suggestions in the light of the vision of the government and achievement of the objectives. This is required to accelerate the financial improvement.
Eng Mohammad bin Saeed al Mahrouqi, head of customs exemptions section in the Directorate General of Industry, MoCI mentioned, “The team is entrusted with the activity of producing regulatory base for the method of evaluation of the industrial establishments and the extent of their wants for exemption. It also checks the imports of machines and gear of the industrial establishment exempted from customs and if the gear is present in the factories.
“The team would also make the list of the non-exempted things and which are not straight connected to the method of production. It would also recognize each and every exempted industrial establishments and figure out the level of exemption for each and every of them separately.
“This is in addition to the confirmation that the machines and equipment imported under this exemption are present inside the factories for which they were meant, the production line working in the factory, production capacity of the factory and the details of its industrial licences.”
He added, “It would also confirm the quantity of the imports of raw materials and what is exempted from the customs. It would also ascertain that these imported items are being used in production and for making a new product.”
He mentioned that the team would pay a visit to 20 industrial establishments in Muscat, in addition to a quantity of factories and industries in other governorates.
Eng Mahrouqi mentioned that the team incorporated a quantity of specialists from authorities concerned with customs clearance for industrial establishments. “They are Directorate General of Industry in the Ministry of Commerce and Industry, Directorate General of Customs of the Royal Oman Police and the Department of Taxes of the Ministry of Finance.”
He mentioned that the quantity of industrial transactions cleared via the Bayan method in between January 1 and March 31, 2018 was 1,103.
This was for the GCC nations model (B) to acquire exemption from imports of industrial establishments. Similarly, the quantity of applications for exemptions in the course of the exact same period reached 166. They had been for imports of gear, spare components and raw supplies.
The Ministry of Finance issued 41 orders for customs exemptions in the very first quarter of 2018.
Information Source: Muscat Daily