The Executive Regulations for the Common Customs "Law" for GCC States

Release Date:	1423-11-25
Release Tool:	Ministerial decision
Issuance Instrument Number:	2748
Validity:	Valid
Date of last amendment:	1445-12-12
Summary:	By AI The Minister of Finance and National Economy has approved the Implementing Regulation of the Unified Customs System for the Gulf Cooperation Council countries, which includes 33 articles that define the principles for determining value for customs purposes. The importer has the right to release their goods after providing guarantees and to object to the customs value assessment. Customs information is treated confidentially, and declared values in foreign currencies are converted to local curren...

Release Date:

1423-11-25

Release Tool:

Ministerial decision

Issuance Instrument Number:

2748

Validity:

Valid

Date of last amendment:

1445-12-12

Summary:

By AI

The Minister of Finance and National Economy has approved the Implementing Regulation of the Unified Customs System for the Gulf Cooperation Council countries, which includes 33 articles that define the principles for determining value for customs purposes. The importer has the right to release their goods after providing guarantees and to object to the customs value assessment. Customs information is treated confidentially, and declared values in foreign currencies are converted to local curren...