June 4, 2020 (MLN): Saudi Arabia has announced an increase in various customs duty rates applicable to a wide range of highly consumed products which would be applicable from June 10, 2020 onwards.
The products that will see the upsurge in custom fees include, food products, mineral and chemical products, plastic, rubber, leather goods, textile, clothing and footwear, building materials, metal prodcuts (e.g. steel, iron, nickel, copper, aluminium), ceramic, cement, electrical equipment, toys, furniture, machinery equipments, motor vehicles and spare parts and various other manufactured goods.
According to the revised Harmoninzed Tariff Schedule (HTS), the import duty on Mineral products, Textile, Rubber and Plastic items, Bulding materials, Machinery, Motor vehicles and Spare parts will rise upto 15% by June 10 from the current level of 5%.
The duty on Food and beverages (such as live animals, meats, seafood, milk products, yoghurts, vegetables, fruits, sugars, rice, sweets, juices, sauces and honey) ane Metal Products (such as iron or non-alloy steel, stainless steel, alloy steel, wire, pipes and tubes, steel bolts, and articles of copper) will rise upto 25% and 20% respectively, from the current level of 5%.
Whereas, the duty on Chemical Products (such as acids, sulphates, oxides, methane, magnesium and chlorides) will increase from 5% to 5.5 to 6.5%.
As the increase in customs duty rates are significant, this will affect all imports into Saudi Arabia.
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