Bahrain introduces customs rules for duty-suspended storage
1 report, 1 independent
Updated Oct 5
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What happened
Bahrain published new customs rules allowing goods valued at BD10,000 or more to be stored in commercial complex warehouses without immediately paying customs duties. These rules provide businesses with an additional option for managing imported goods before customs duties become payable.
From gdnonline.com
Why it matters
The new framework gives traders greater flexibility in managing imported goods. Businesses can store goods under customs-duty suspension, provided the warehouse operator meets detailed regulatory requirements, including obtaining approval from the Industry and Commerce Ministry.
From gdnonline.com
Who's involved
- BahrainThe country that issued the new customs regulations