This course module provides a comprehensive overview of Dubai Customs policies, valuation processes, import procedures, and other key aspects related to customs operations. Participants will delve into the rate of duty calculations, valuation methods for goods, required import documentation, cargo manifest requirements, stages of goods clearance, customs procedures within the Suspended Zone and Free Zone areas, types of declarations for Mainland and Free Zone companies, stock audit processes, the customs department's role in Value Added Tax (VAT), and an analysis of current issues concerning customs and VAT in Dubai.
Course Module
- Understanding the Rate of Duty
- Valuation Techniques for Goods
- Essential Documents Required for Importing Goods
- Overview of Cargo Manifests
- Step-by-Step Guide to Goods Clearance
- Exploring the Customs Suspended Zone (Free Zone)
- Different Types of Declarations for Mainland and Free Zone Companies
- Importance of Stock Audits in Compliance
- Customs' Role in the VAT Framework
- Addressing Current Issues in Customs and VAT
Learning Outcome
By the end of this module, participants will be able to navigate Dubai Customs policies and procedures effectively, comprehend the valuation and clearance processes, distinguish between different types of declarations, and understand the customs department's role in VAT implementation and management, as well as stay updated with current issues in customs and VAT in Dubai.
ABOUT THE TRAINER
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Sivakumar Ganapathy
Sivakumar Ganapathy, a Senior Finance Executive with 20+ years of experience in accounts, finance, audit, and administration, holds esteemed qualifications including CPA, CA, CWA, CIA, CISA, ACAMS, and more. As a Financial Expert at Dubai Customs, he provided expert opinions and conducted thorough reviews, previously overseeing budgeting and MIS reporting at AW Rostamani Lumina LLC. Sivakumar's expertise and academic achievements reflect his commitment to excellence in finance and accounting.