May 31 2019

Customs duty on rebar and steel coil increased from 5% to 10%

Source: IBFD Tax Research Platform News

On 24 January 2019, the Dubai Customs issued notice No. 2/2019 (the notice) regarding the increase of customs duty rates applied to imports of rebar and steel coils from 5% to 10%. The notice was recently made available.

This notice amended notice No. 1/2019 issued on 16 January 2019 on the same matter by introducing amendments on certain Harmonized System Code (HS Code) as well as limiting the application of the increased duty rate from 17 January 2019 to 31 December 2019.

The list of products (defined by their HS Code) for which the Customs duty rate has been increased from 5% to 10% is provided in the table below.

HS Code Description
72 13 10 00 Containing indentations, ribs, grooves or other deformations produced during the rolling process
72 13 20 00 Other, of free-cutting steel
72 13 91 00 Of circular cross-section measuring less than 14 mm in diameter
72 13 99 00 Other
72 14 10 30 Of circular cross-section measuring less than 8 mm in diameter
72 14 10 40 Of circular cross-section measuring 8-40 mm in diameter
72 14 10 90 Other
72 14 20 30 Of circular cross-section measuring less than 8 mm in diameter
72 14 20 40 Of circular cross-section measuring 8-40 mm in diameter
72 14 20 90 Other 10%
72 14 30 30 Of circular cross-section measuring less than 8 mm in diameter
72 14 30 40 Of circular cross-section measuring 8-40 mm in diameter
72 14 30 90 Other
72 14 91 00 Of rectangular (other than square) cross-section
72 14 99 00 Other