The UAE Federal Customs Authority Board of Directors discusses the 2003-2004 budget

The Federal Customs Authority (FCA) Board of Directors, chaired by H.H Sheikh Hamdan Bin Rahid Al Maktoum, Dubai Deputy Ruler and UAE Minster of Finance and Industry, has discussed the FCA 2004 budget.

United Arab Emirates: Saturday, January 03 - 2004 at 09:30
PRESS RELEASE

H.H Sheikh Hamdan Bin Rashid Al- Maktoum and H.E. Dr. Mohamed Khalfan Bin Khirbash.

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They also discussed a number of issues with the aim to enhance FCA's work and reach optimal efficiency.

During the course of the meeting, which was attended by H.E. Dr. Mohammed Khalfan Bin Kharbash, UAE Minister of State for Finance and Industry, Mr. Mohamed Al Muhairi, FCA General Manager, briefed the board about FCA's achievements during the past 12 months, among which was the outfitting of FCA offices in Dubai and Abu Dhabi, finalizing the financial regulations, and participating in a number of regional customs meetings.

The board also looked into internal infrastructure and electronic projects, the most important of which is the establishment of a secure and independent internal network, the provision of electronic mail and fax, completion of a databases and internal administrative systems. Al Muhairi also elaborated to the board members on the accounting system used for customs clearance between the UAE and GCC member countries.

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About the UAE Federal Customs Authority
With the objective of controlling and coordinating customs affairs in each Emirate of the UAE, the Federal Customs Authority (FCA) is responsible for drawing up customs policy in cooperation with local customs departments. It aims to consolidate legislation with a view to streamlining the working of local customs and standardize their enforcement of fraud and smuggling detection measures across the UAE.

Its focus is to impose uniform tariff collection and ensure that all monies due to the government are collected/remitted effectively. It also aims to promote competition based on infrastructure/service of each Emirate rather than on varying tariff rates. The customs tariffs at the national and GCC level have been set at 5% across the board.

The FCA is also the umbrella under which all local UAE customs authorities will interact in a unified fashion with GCC customs authorities and other international counterparts.

For further information, please contact:
Ma'moon Sbeih/Wael Kanakri
ASDA'A Public Relations
Burson-Marsteller exclusive Middle East affiliate
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556

Posted by Christine H. Andersen, Assistant News Editor
Saturday, January 03 - 2004 at 09:30 UAE local time (GMT+4)

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This Article was updated on Tuesday, May 01 - 2007

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