Saudi Customs postponed collecting duty fees onimporting clients for a period of (30) days, starting from March 24, 2020, andthe delay period may exceed (30) days, for the most affected activities, withfurthermore duration of this initiative up to another three months, in thecontext of great efforts made by the Kingdom to reduce financial and economicimpact on the private sector, within the measures taken to tackle the new Coronaviruspandemic.
Saudi Customs indicated that importers will be able tobenefit from this support by providing bank guarantees until the fees due arepaid after 30 days of the clearance process, as this initiative will provideliquidity to companies to enable them to benefit from the duty fees exempt,during the delay period, adding that there are more than one thousand importingcompanies, in their data for 2019, which are entitled to benefit from thissupport.
On the other hand, the Saudi customs pointed out that itsland, air and sea ports will continue to work to end customs procedures forincoming shipments and ensuring the continuity of their flow, contributing toproviding consumers with all types of commodities.
