Customs Duties Refund to Boost Your Profits

In the UAE, trading businesses are required to pay Customs duties on imported and exported goods, which can reduce overall profits. However, many companies fail to claim the Customs duties refunds offered by the authorities, leading to lost potential revenue.

Businesses often miss out on these refunds due to a lack of awareness or the expertise needed to navigate the complex documentation, such as Exit/Entry Certificates, and the detailed claim procedures. As a result, they lose out on the extra profits that refunds can provide.

Eligibility Criteria for Customs Duty Refunds in Dubai

Dubai Customs offers a 1% Customs duty refund if certain conditions are met, including:

• The goods are imported/exported through Dubai Customs.
• A 5% Customs duty was paid on the goods.
• The goods were imported for resale in the UAE.

Required Documents to File a Customs Refund Claim

To file a Customs refund claim, businesses need to submit the appropriate documents depending on how the goods were transported:

• By Air:

  • Exit/Entry Certificate
  • Copy of Export Declaration or Airway Bill

• By Land:

  • Exit/Entry Certificate
  • Copy of Export Declaration or Manifest

• By Sea:

  • Exit/Entry Certificate
  • Copy of Export Declaration
  • Copy of Manifest or Bill of Lading

Additionally, an Import Declaration is required in the following cases:

• Import to local market from a foreign country
• Import to local market from a Customs Warehouse
• Import to local market from a Free Zone

Dubai Customs also allows businesses to amend claim details or cancel refund claims if needed.

How the Customs Refund Disbursal Process Works

Once the import declaration clearance is completed, refunds are automatically credited to the account used to pay the Customs duty on the 30th day. Refunds are credited to the same Customs duty/credit/debit account that was used for the original payment.

For E-payment or cash transactions, the refund is sent to the bank account that is registered with the Customs Code.

Let Smart Business Creation Help You Maximize Profits with Customs Refunds

Navigating Customs refund procedures and complex documentation can be challenging, especially for new business owners. Many eligible businesses end up losing money because they don’t claim their refunds.

At Smart Business Creation, our team of highly experienced Customs professionals helps businesses claim their Customs refunds efficiently, maximizing their profits. We guide you through every step of the process, making it seamless and hassle-free.

We assist with preparing the necessary documentation, ensuring full compliance with Customs requirements so your business becomes eligible for refunds. Our team also follows up with the Customs office to ensure you receive your refunds as quickly as possible.

Start claiming your rightful refunds today and increase your company’s profits. Contact Smart Business Creation to get expert assistance with your Customs refund claims.