Al Nowras is a leading logistics company in the GCC, specialising in custom clearance and shipping goods within the region. With over 13 years of experience and long-standing partnerships with leading companies, it has built a reputation for delivering reliable and dependable services. In addition to this, the company offers superior customer service and a 24 hour customer support system.
If you are looking for Bonded Transportation in Oman, then opt for Al Nowras Logistics Solution.
Duty-paid goods are separated from bonded goods in storage
Warehouse keepers must maintain information systems that will enable them to identify bonded and duty-paid goods. Once bonded goods are separated from duty-paid goods, they are destroyed, cleared for domestic consumption, or transited to another country. If they are to be re-exported, they must be declared to customs.
Oman’s Customs and Immigration Department has recently revised its regulations regarding bonded warehouses. Customs requires a written authorization from the warehouse keeper before storing any goods in a bonded warehouse. Customs also requires that warehouse keepers are licensed and approved to conduct such activities.
Currently, the ROP Customs has a limited capacity for customs bonding. This means that existing bonded capacity is not being utilised optimally. The government and industry have partnered up to support this project.
Domestic goods are goods produced in Oman and released from customs control for domestic consumption. Oman also has an approved format for damage reports. The Customs Department collects taxes on bonded goods lawfully, including Value Added Tax (VAT) and Excise Tax (ETT). In Oman, the Ministry of Commerce and Industry (MCI) approves business operations and registrations.
Operation of a Bonded warehouse in Oman
The operation of customs bonded warehouses in Oman is a significant economic project that can generate up to RO 100 million in revenue every year. In addition to contributing to the country’s GDP, these facilities can generate up to 350 direct jobs. The government is supporting the project through Tanfeedh, the National Programme for Economic Diversification. This initiative is supported by the Ministry of Transport and Communications, the Ministry of Commerce and Industry, the Royal Oman Police Customs, and the Oman Global Logistics Group. The private sector is also supporting the venture, including Second and Third Party Logistics companies and shipping and freight forwarding agencies.
Bonded warehouses can be used for the storage of both bonded and non-bonded goods. In order to operate these warehouses efficiently, warehouse keepers should have a system in place to identify and manage the goods in the warehouse. The payment of duties and taxes is only made when the goods are released from the warehouse. They can be cleared for domestic consumption or transited to other countries or customs points. The re-export of the goods is tax-free in Oman.
Operation of a Bonded warehouse requires an effective information system for tracking and controlling goods, ensuring they are not in the wrong hands, and complying with all regulations. Furthermore, warehouse keepers must ensure that the goods are tagged properly, and must dispose of them properly, in accordance with customs policies. In addition, the warehouse keepers must demonstrate a strong economic need and take all the necessary security measures to safeguard the goods.
Operation of a Bonded warehouse is advantageous in a number of ways. It can reduce the costs of importing and exporting goods, and can improve supply chain operations. Moreover, bonded warehouses allow exporters and manufacturers to process products efficiently and minimize the paperwork necessary for exporting goods.
In addition to the import and export of goods, operators of a Bonded warehouse in OMAN can carry out additional activities that are not permitted in other countries. Some of these activities include “Light Manufacturing Activities”, which are minor manufacturing activities performed within the Bonded zone.
Transport logistics solutions offered by Al Nowras
If you’re looking for reliable and dependable shipping services in Oman, you may want to check out the services provided by Al Nowras Logistics Solutions. This leading logistics company specializes in shipping goods within and between the GCC. It has been in business for over 13 years and has longstanding relationships with leading companies. They also offer superior customer service and 24-hour support.
Al Nowras has a team of experienced professionals with extensive experience in the logistics and transport industries. They can manage small shipments as well as large logistics projects. They are equipped to handle all kinds of sea, air and land freight. Their extensive network of contacts enables them to provide comprehensive customs clearance services in the GCC countries. They also provide additional logistical support to clients.
Al Nowras Transport & Custom Sealing provides sea freight and air freight services to customers in the Sultanate of Oman. With offices in Salalah and Wajajah, Al Nowras offers reliable, cost-effective shipping and customs clearance. The company offers 24-hour customer service, transparent pricing and comprehensive logistics.
Al Nowras has established itself as a leading logistics provider in the GCC region. They specialize in customs clearance and shipping throughout the region, and they’ve built long-term relationships with leading companies. Their customer service is unparalleled, and their teams are available 24 hours a day to handle any needs that may arise.
The company has offices in Salalah and Wajajah and offers comprehensive transport logistics solutions throughout the GCC. The company’s dedicated staff will clear customs and make sure your shipments arrive safely at their destination. Their team can take care of the customs clearance process, which is a time-consuming process for companies.