RIYADH: Saudi Customs has launched a new data program aimed at streamlining administrative services for importers and investors.
The authority’s auto-adjustment initiative will enable commercial importers to voluntarily correct their customs data following specific terms and procedures.
Undersecretary for revenues at Saudi Customs, Dr. Mazen Al-Zamil, said the scheme, introduced on Jan.1, would help to promote transparency with investors and the business sector while improving customs compliance and stability of growth for import companies.
Under the program, Al-Zamil added that importers would be able to apply for customs fees related to inaccurate information on value, origin and type of goods, and input data not declared to Saudi Customs.
He noted that when stakeholders applied for a correction before the discovery of a data error by Saudi Customs or the issue of subsequent audits on restrictions and records, they only needed to pay the differences in customs fees and taxes.
Importers can submit correction requests for six months via the initiative’s portal on the Saudi Customs website.
