Dubai Customs enhanced its activities to boost mega events in Dubai through customs facilitations offered to participants. Pre-arrangements are being carried out to ensure they benefit from the temporary admission system for their goods, under which exhibitors are relieved from paying customs duties till the events in which they are partaking end and they are to take their goods out of the country.
Dubai Customs intensified its efforts to make this service available for participants in The Big 5 Dubai 2013, which covers all goods and equipment necessary for construction and building, including all kinds of building materials, and equipment used in construction activities. Comprising literally five big shows brought together to offer all construction sector needs, the Show is one of the world’s major exhibitions attracting a great number of exhibitors and visitors, in order to view the latest products in this sector, vital as it is to economic development, owing to its role in consolidating the economy infrastructure on the one hand, and being the corner stone of property construction on the other.
Dubai Customs will be providing a full presentation of all of its services, that demonstrates benefits offered to traders and exhibitors to double their profit from participation in such events in Dubai.
The temporary admission system allows the holders of ATA Carnets to temporarily (up to one year) import goods without payment of normally applicable duties. Holders are required to pay a security deposit or bank guarantee, equivalent to the import duty in the country of importation, as per the terms of the Istanbul Convention for Temporary Admission.
The implementation of this system boosts the UAE’s stand as an attractive destination for exhibitions and conferences. Goods imported under cover of ATA Carnet include, besides to events-related products, commercial samples, professional equipment, goods intended for use at tradeshows and exhibitions, race horses, antiques, ballet costumes and bands’ audio systems.
Dubai Customs’ implementation of the temporary admission system boosts the UAE’s bid to host the EXPO 2020, by providing customs facilitations for the exhibition sector in the emirate. In case the UAE wins the bid to host this much-anticipated global event, customs facilitations, including the temporary admission system, will secure optimal support for participating countries so that they will benefit the most from their participation at the EXPO. After becoming the first 100% smart government department, Dubai Customs services are now available 24/7 in all parts of the world through its smart services.