March 1, 2018

UAE VAT: Decoding Importer on Record Transactions

Facts of the case It is a common practice in UAE, where the Logistics company in Designated Zone (being the importer on record) imports on behalf of the Foreign Suppliers say in UK, gets the goods cleared from the customs with the help of Clearing and forwarding agents using the Customs number of logistics company and stores the goods in their own warehouse as pet the directions of foreign supplier. The ownership of the goods […]